NEETZoologyBiotechnology and Its Applications
What is the purpose of the laws being developed by some nations?
Options
- ATo exploit bio-resources and traditional knowledge without proper authorization.
- BTo prevent the exploitation of bio-resources and traditional knowledge without proper authorization.
- CTo compensate for the exploitation of bio-resources and traditional knowledge.
- DTo commercialize bio-resources and traditional knowledge.
Correct answer
B. To prevent the exploitation of bio-resources and traditional knowledge without proper authorization.
Step-by-step solution
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. 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. There has been growing realisation of the injustice, inadequate compensation and benefit sharin