Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — 1 and 3
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is correct: WIPO became a specialized agency of the UN in 1974.
- Statement 2 is incorrect: WIPO is headquartered in Geneva, Switzerland, not Rome.
- Statement 3 is correct: TRIPS is an integral component of the WTO Single Undertaking and is binding on all WTO members.
- Statement 4 is incorrect: The TRIPS Agreement originally provided LDCs an initial transition period of 10 years (until 2006), which was later extended several times under Article 66.1, rather than a flat 20-year rule.
WIPO is headquartered in Geneva (eliminating Statement 2). Options containing 2 (a, b, c) are ruled out instantly, leaving only (d).
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