Which of the following is the correct option for biopiracy?
$(I)$ Use of bio-resources by multinational companies and organizations without proper authorization from the country and people concerned,and without compensatory payment.
$(II)$ Traditional knowledge related to bio-resources can be exploited.
$(III)$ Nations are developing laws to prevent the unauthorized exploitation of their bio-resources.

  • A
    Only $I$
  • B
    Only $I$ and $II$
  • C
    Only $II$ and $III$
  • D
    $I, II$ and $III$

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The use of bioresources by multinational companies and other organizations without proper authorization from the countries and people concerned without compensatory payment is called:

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$I$. To permit the use of genetically modified organisms and their products for commercial applications.
$II$. To adopt the procedures for restriction,production,and application of $GM$ organisms.
$III$. Approval to conduct large-scale field trials and release of transgenic crops into the environment.
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