Economy - India

In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods(Registration &Protection )Act,1999. The difference /differences between a "Trade Mark " and a Geographical Indication is/are:
1. A Trade Mark is an individual or a company's right where as a                     Geographical Indication is a community's right.
2. A Trade Mark can be licensed where as a Geographical Indication cannot       be licensed.
3. A Trade Mark is assigned to the manufactured goods where as                     the Geographical Indication is assigned to the agricultural goods/products       and handicrafts only.
Which of the statements given above is/are correct ? 

With reference to the consumer Disputes Redressal at district level in India,which one of the following statements is not correct ?

In the context of bilateral trade negotiations between India and European Union, what is the difference between European Commission and European Council?
1. European Commission represents the EU in trade negotiations where as         European Council participates in the legislation of matters pertaining to          economic policies of the European Union.
2. European commission comprises the Heads of Sate or government of          member countries where as the European council comprises of the persons    nominated by European Parliament.
Which of the statements given above is/are correct ?