Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q136: Under the "Building Awareness on Intellectual Property Rights (IPR)" component of the MSME Innovative Scheme, the government reimburses patent registration fees. What is the maximum reimbursement limit for a Foreign Patent grant?

A
Rupees 1 Lakh
B
Rupees 2 Lakh
C
Rupees 5 Lakh
D
Rupees 10 Lakh
✅ Correct Answer: C
The maximum reimbursement for a Foreign Patent grant is Rupees 5 Lakh.
For a Domestic Patent, the limit is Rupees 1 Lakh.
For GI Registration, it is Rupees 2 Lakh, and for Trademarks, it is Rupees 10,000.
This assistance is provided to encourage MSMEs to protect their intellectual property globally.