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Question
Biopiracy means
Biopiracy means
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Solution
The correct option is D Exploitation of bioresources without authentic permission
Biopiracy is exploitation of bioresources of a company
by organisations and multinationals for commercial purpose with or
without patent but without any Access and Benefit Sharing Agreement
(ABA). Bioresources or biological resources are all those organisms
which can provide commercial benefits. They are abundant in developing
countries have traditional knowledge related in bioresources. On the
other hand, developed countries are poor in bioresources but are rich in
technology. Traditional knowledge helps in saving time, effort and
expenditure in developing refined product for commercialisation.
Therefore, based on traditional knowledge, institutions and companies of
industrialised nations are collecting and exploiting bioresources of
other nations by getting them patented. So, the correct answer is 'Exploitation of bioresources without authentic permission'.
Biopiracy is exploitation of bioresources of a company
by organisations and multinationals for commercial purpose with or
without patent but without any Access and Benefit Sharing Agreement
(ABA). Bioresources or biological resources are all those organisms
which can provide commercial benefits. They are abundant in developing
countries have traditional knowledge related in bioresources. On the
other hand, developed countries are poor in bioresources but are rich in
technology. Traditional knowledge helps in saving time, effort and
expenditure in developing refined product for commercialisation.
Therefore, based on traditional knowledge, institutions and companies of
industrialised nations are collecting and exploiting bioresources of
other nations by getting them patented. So, the correct answer is 'Exploitation of bioresources without authentic permission'.
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