Biodiversity and Traditional Knowledge — NEET Biology
📚 Practice ConceptMost 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. Traditional knowledge related to bio-resources can be exploited to develop modern applications and can also be used to save time, effort and expenditure during their commercialisation.
Which of the following statements regarding biopiracy are NOT correct? S1. Biopiracy exclusively involves the theft of patented genetic material from developed countries. S2. It is characterized by the use of bio-resources by multinational companies with complete transparency and fair benefit sharing with local communities. S3. The exploitation of traditional knowledge related to bio-resources, such as herbal medicines, is a common aspect of biopiracy, potentially saving significant R&D costs. S4. Industrialized nations are typically rich in biodiversity and traditional knowledge, making them the primary victims of biopiracy. S5. The Indian Parliament has cleared amendments to the Indian Patents Bill to address issues of biopiracy and unauthorized exploitation of bio-resources.
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