Biopiracy
The exploitation of biological or genetic material from indigenous peoples or countries, for commercial purposes without suitably compensating the source of such material is called biopiracy.
Biotechnology
Biotechnology is the technique that uses living organisms such as microorganisms or the enzymes derived from them to produce products that can be useful for the living organism. Examples include making curd using Lactobacillus or the production of vaccines from genetically modified organisms.
Bioprospecting
A systematic and organised exploration of bioresources like plants, animals and microbes to find useful products, so that they can be exploited commercially to benefit the society is called bioprospecting.
Biomagnification
Biomagnification is the accumulation of toxic chemicals by an organism in successive trophic levels. For example, accumulation of DDT in the food chain.
Final answer
(B) Biotechnology