Biopiracy - GS questions based on daily current affairs

1)   Biopiracy is

a. Illegal use of genetic material.
b. Illegal transfer of knowledge without permission
c. Exploitation of plants and animals without proper compensation
d. Exploitation of indigenous knowledge without proper compensation
Answer  Explanation 

ANSWER: Exploitation of indigenous knowledge without proper compensation

Explanation:
Traditional communities all over the world possess extensive knowledge about local plants species and their medicinal values. Outsiders can use this knowledge to their benefit and not share the benefits and compensation with the communities. India is taking steps to avoid such loss of our traditional knowledge. There were cases of biopiracy of neem and basmati rice patenting.