Question

Which of the following definition best describes bioethics?

• A. A set of regulations to promote safe use, distribution and application of biotechnology and its products
• B. A set of moral principles and standards to regulate the exploitation of biological resources for human interest
• C. A set of intellectual rights that are given to the inventors for the use of biological resources
• D. A set of principles that allow the multinational companies and other organisations to use bioresources without proper authorisation from the concerned countries

Answer 1

The correct option is B A set of moral principles and standards to regulate the exploitation of biological resources for human interest

Genetic engineering is the scientific method of introducing a gene from one organism into another organism to change their genetic constitution. It has provided many useful innovations and revolutionised our lives.
However, there are risks of genetic manipulation being used for unethical activities like bioterrorism, biowarfare production, humans being used for trials of new inventions, misuse of prenatal diagnosis and abortions, etc.
Bioethics are a set of moral principles and standards to regulate human perception with respect to exploitation of living organisms for human interest. It includes rules of conduct that would regulate human and biotechnological activities.
Biosafety regulations refer to a set of rules designed to promote safe use, distribution and application of biotechnological methods, genetically modified organisms and their products and services. This ensures that there are minimum chances of harm to living organisms and the environment.
Biopatents are the exclusive rights granted to the inventor or their assignee for the modification or usage of living organisms, their products and technologies, that make use of the genetic material, for public services.
Biopiracy is the use of biological resources by multinational companies and other organisations without proper authorization from concerned countries and people or without compensatory royalty payment to them.