DMPQ: Explain the following terms:(Science)

A) Patents: This refers to innovations – new or improved product and processes which are meant for industrial applications.  This is a territorial right which requires registration for a limited time.  Patent is a contract between an inventor as an individual and the society as a whole.  The inventor has exclusive right to prevent anybody … Read more

DMPQ: Explain the following terms: (Economy)

Withholding tax: A tax imposed on the income on a foreign portfolio (investments). This tax is imposed to discourage foreign investments, to encourage domestic investment, and to raise money for the government.   Venture capital: Generally, a private equity capital which lends capital to the entrepreneurs who are innovative and cannot get the required fund … Read more

Discuss the following: a) Corruption perception index b) Press freedom index c) Global peace index d) World investment report

a) Corruption perception index: Released by berlin based non- government organisation Transparency International. India’s ranking slid to 81 among a group of 180 countries. b) Press freedom index: The Press Freedom Index is an annual ranking of countries compiled and published byReporters without Borders based upon the organisation’s own assessment of thecountries’ press freedom records … Read more