Use of bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment is termed as

Options

A. resource partitioning
B. biopiracy
C. patenting
D. biofortification

Answer

B

Explanation

Biopiracy is exploitation of bioresources of a country 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 which are poor in technology though the 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.