Intellectual Property is broadly classified into two main categories. Which of the following correctly identifies both categories?

Explanation: According to WIPO and the foundational framework of IPR, intellectual property is broadly divided into two major categories:  Industrial Property  and  Literary Property (Copyright) . Industrial property includes patents (product and process), trademarks, industrial designs, and geographical indications all of which relate to commerce and industry. Literary property, governed under  Copyright law , covers original literary, dramatic, musical, and artistic works, along with neighbouring rights such as performers' rights and broadcasting rights. In India, industrial property is primarily governed by the  Patents Act, 1970 ,  Trade Marks Act, 1999 , and  Designs Act, 2000 , while literary property is governed by the  Copyright Act, 1957 . This two-category classification is fundamental to understanding which statute applies to a given creation.