Which of the following statements are NOT true for biopiracy ?
(A) It is the use of bio-resources by multinational companies with proper authorisation by the concerned country
(B) Developing countries are rich in biodiversity
(C) Developed countries are rich in traditional knowledge related to bio resources
(D) Biopiracy involves inadequate compensation and benefit sharing between developed and developing countries, while using latter's bioresources by the former
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A) and (C) Only
(A) It is the use of bio-resources by multinational companies with proper authorisation by the concerned country — False. Biopiracy is such use without proper authorisation and payment.
(B) Developing countries are rich in biodiversity — True.
(C) Developed countries are rich in traditional knowledge related to bio resources — False. Traditional knowledge belongs mainly to the developing countries; the developed countries are rich in finance and technology.
(D) Biopiracy involves inadequate compensation and benefit sharing between developed and developing countries, while using latter's bioresources by the former — True.
NCERT Extract:
Biopiracy – “Biopiracy is the term used to refer to the use of bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment.”
Biopiracy – “… Most of the industrialised nations are rich financially but poor in biodiversity and traditional knowledge. In contrast the developing and the underdeveloped world is rich in biodiversity and traditional knowledge related to bio-resources.”