Question

Use of bio-resources by multinational companies and other organizations without proper authorization from the concerned countries and without compensatory payment is termed as _______

• A. Resource partitioning
• B. Biopiracy
• C. Patenting
• D. Biofortification

Answer 1

The correct option is B Biopiracy

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 'Biopiracy'.