________ grants the holder the right to exclude others from making, selling, using or offering for sale or importing the invention.
- Trademark
- Patent
- Copy
- Trade secret
The Correct Option is B
Solution and Explanation
The question asks about a legal right that allows the holder to exclude others from making, selling, using, offering for sale, or importing an invention. Let's evaluate each option to determine the correct answer:
- Trademark: A trademark is a symbol, phrase, or word that identifies and distinguishes products or services of a particular source from others. It does not provide the right to prevent others from making, selling, or using a technological invention or product.
- Patent: A patent is an intellectual property right granted to an inventor. It provides the holder exclusive rights to exclude others from making, using, selling, offering for sale, or importing the invention for a certain period of time, usually 20 years from the filing date. This matches the requirement described in the question.
- Copy: This option seems incorrect as it doesn't refer to a recognized form of legal protection by itself.
- Trade secret: Trade secrets protect confidential business information that provides a competitive edge. While it allows for maintaining secrecy, it does not legally prevent others from developing the same invention independently and does not involve exclusions regarding making, using or selling an invention.
Based on the analysis of each option, the correct answer is Patent, as it grants the authority to exclude others from exploiting the invention commercially.
Top Questions on Fundamentals of Business
- Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A) : As India moves progressively towards becoming a global knowledge economy, it must meet the rising aspirations of it's youth. This can be partially achieved through focus on advancement of skills that are relevant to the emerging economic environment.
Reason (R) : 62% of India's population is in the working age group (15-59 years) and more than 54% of the total population is below 25 years of age. Our country presently faces a dual challenge of paucity of highly trained workforce as well as non employability of the large work force of the conventional educated youth.
In the light of the above statements, choose the correct answer from the options given below :- CMAT - 2025
- Innovation & Entrepreneurship
- Fundamentals of Business
Match List I with List II :
List I List II (A) Equity financing (II) Selling ownership shares (B) Strategic Alliance (III) Partnership for mutual benefit (C) Entrepreneurial Mindset (IV) Innovative thinking (D) Break even point (I) No profit No loss Choose the correct answer from the options given below :
- CMAT - 2025
- Innovation & Entrepreneurship
- Fundamentals of Business
- Given below are two statements :
Statement I : Cost-Benefit Analysis (CBA) measures a project's societal effects and does costs and benefits comparable in monetary terms.
Statement II : CBA is most widely applied tool for the appraisal of transport project.
In the light of the above statements, choose the correct answer from the options given below :- CMAT - 2025
- Innovation & Entrepreneurship
- Fundamentals of Business
Match List I with List II :
List I List II (A) Revenue model (IV) Return on investment plan (B) Market segmentation (III) Dividing total population in homogeneous groups (C) SWOT analysis (II) Critical evaluation method (D) Business Incubator (I) Startup Nurturing System Choose the correct answer from the options given below :
- CMAT - 2025
- Innovation & Entrepreneurship
- Fundamentals of Business
- Which of the following is an example of speculative business risk?
- CMAT - 2024
- Innovation & Entrepreneurship
- Fundamentals of Business
Questions Asked in CMAT exam
- There are three bottles of mixture of syrup and water in the ratios \(2:3\), \(3:4\) and \(7:5\). \(10\) litres of first and \(21\) litres of second bottles are taken. How much quantity of mixtures from third bottle is to be taken so that the final syrup and water ratio of mixture from three bottles will be \(1:1\) if the final mixture from all the three bottles is added and mixed in a big container?
- CMAT - 2025
- Mixtures & Alligations
- How many such pairs of digits are there in the number 95137248 each of which has as many digits between them in the number as when they are arranged in the ascending order?
- CMAT - 2025
- Logical and Analytical Reasoning Skills
Study the given pie charts carefully to answer the questions that follows
- CMAT - 2025
- Pie Charts
Pick the correct option to complete the following sentence.
The officer was pleased _____ the work his subordinate did.
- CMAT - 2025
- Grammar
”Although Babur and Humayun,–(i)– the Delhi Sultanate that ruled previously, had considered Delhi to be their capital, Akbar had shifted it to Agra. Forts, palaces and mausoleums of peerless grandeur came up in just a few years. Jahangir and in the early part of his reign, Shahjahan, continued to–(ii)– Akbarabad. But now, the Emperor wanted to build a fine new city for his–(iii)–, which would bear his name and outstretch the creation of his grandfather, in both splendour and scale”.
- CMAT - 2025
- Grammar