Q. How Geographical Indication (GI) is different from Trademark?

1. While GI does not confer the legal protection, trademarks provides legal protection
2. While GI does not belong to individuals, trademark may belong to individuals / enterprises

Select the correct option from the codes given below:
Answer: Only 2 is correct
Notes: Only second statement is correct here. A trade mark is a sign which is used in the course of trade and it distinguishes goods or services of one enterprise from those of other enterprises. Whereas a geographical indication is an indication used to identify goods having special characteristics originating from a definite geographical territory