Use of bioresources by multinational companies and organisation without authorisation from the concerned country and its people is called

biodegradation

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biopiracy

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bio-infringement

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bioexploitation

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Solution

The correct option is B biopiracy
Many industrialised nations are rich financially but poor in biodiversity and traditional knowledge while the developing and the underdeveloped countries are rich in biodiversity and traditional knowledge related to bio-resources. Traditional knowledge related to bio-resources can be exploited to develop modern applications and also be used to save time, effort and expenditure during their commercialisation.
The use of such bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment is known as biopiracy.

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