Question

Intellectual Property Right is ______.

• A. Fundamental right
• B. Tangible right
• C. Social right
• D. Intangible right

Hint:

IPR safeguards non-physical assets, crucial for innovation and creativity.

Answer 1

The Correct Option is D

To classify Intellectual Property Right:
1. Intellectual Property Rights (IPR), such as patents, copyrights, and trademarks, protect intangible creations of the mind, not physical objects.
2. They are not fundamental rights (protected under Part III of the Constitution) or social rights, nor are they tangible as they lack physical form.
3. The correct classification is intangible right, governed by laws like the Patents Act, 1970, and Copyright Act, 1957.
Therefore, the correct answer is (4) Intangible right.