Intellectual Property Rights (IPR) protect the use of information and ideas that are of:

Correct option is C

Intellectual Property Rights (IPR) are legal protections granted to individuals or organizations for their creations, inventions, or innovations. These rights protect the use of information and ideas that are of commercial value. IPR includes patents, copyrights, trademarks, and trade secrets, which are all used to protect the intellectual property (ideas, inventions, designs) that can be commercialized.
Important Key Points:
1. Commercial Value: IPR protects inventions, literary and artistic works, and brands that have commercial potential, ensuring the creators can control the use and gain profits.
2. Types of IPR:
· Patents: Protect inventions and technological advancements.
· Copyrights: Protect creative works like music, literature, and art.
· Trademarks: Protect brand names, logos, and symbols.
3. Encouragement of Innovation: IPR encourages innovation and creativity by ensuring creators are rewarded for their work.
Knowledge Booster:
· Option (a): Traditional value refers to cultural practices or heritage, which may not be directly linked to intellectual property protection. IPR generally deals with modern creations and innovations.
· Option (b): Historical value is related to the past and typically does not fall under IPR unless the content has commercial or cultural significance that can be protected.
· Option (d): Ethical value refers to moral principles and does not directly relate to IPR, which focuses on protecting creations and innovations with commercial potential.