In order to comply with TRIPS Agreement, India enacted the Geoprahical Indications of Goods (Registration and 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 whereas a Geographical Indication is a community’s right.

2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed.

3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicraft only.

Which of the statements given above is/are correct ?

I.A.S. (Pre) 2010