NPTEL Intellectual Property Week 9 Assignment Answers 2025
1. Why is intellectual property (IP) management important for businesses?
- To keep lawyers employed
- To ensure that investments in innovation are protected
- To create monopolies in the market
- To prevent employees from leaving
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2. What strategy did Dolby use to extend the value of its intellectual property over time?
- Licensing its patents indefinitely
- Converting limited-life IP into trademarks
- Selling its patents to competitors
- Keeping all its technology as trade secrets
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3. Who originally created the character Winnie the Pooh?
- Walt Disney
- A.A. Milne
- J.K. Rowling
- Dr. Seuss
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4. What was the original patented drug developed by AstraZeneca before Nexium?
- Esomeprazole
- Omeprazole
- Lansoprazole
- Pantoprazole
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5. What is the key conflict between IP laws and competition laws?
- IP laws grant exclusivity, while competition laws promote competition
- Both IP laws and competition laws restrict monopolies
- IP laws promote competition, while competition laws grant exclusivity
- Competition laws do not apply to intellectual property
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6. Statement 1: Patents, copyrights, and trademarks all have the same duration of protection.
Statement 2: The duration of IP rights varies, with patents typically lasting 20 years, copyrights lasting for the life of the author plus 60 years, and trademarks having potentially unlimited life through renewals.
- Statement 1 is true, Statement 2 is false
- Statement 1 is false, Statement 2 is true
- Statements 1 and 2 both are true
- Statement 1 and 2 both are false
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7. Statement 1: Intellectual Property laws grant exclusivity for creative products, and Competition laws aim to eliminate monopolies.
Statement 2: Intellectual Property rights are always considered a violation of Competition laws.
- Statement 1 is true, Statement 2 is false
- Statement 1 is false, Statement 2 is true
- Statements 1 and 2 both are true
- Statement 1 and 2 both are false
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8. Which of the following is considered an abuse of dominant position under Section 4 of the Competition Act?
- Imposing unfair or discriminatory prices
- Limiting or restricting market access
- Granting patents and copyrights
- Making the conclusion of contracts subject to unreasonable obligations
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9. What are the two major approaches to IP valuation?
- Cost-based valuation
- Market-based valuation
- Future-based valuation
- Legal-based valuation
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10. Which of the following are considered forms of IP protection?
- Patents
- Trademarks
- Copyrights
- Trade Secrets
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