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:

Question

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:

cdquestions Admin · Accepted Answer

The correct option is (A) : (A) and (C) Only

Answer

(A) and (C) Only

Answer

(A) and (B) Only

Answer

(B) and (D) Only

Answer

(C) and (B) Only

List-I (Name of account to be debited or credited, when shares are forfeited)	List-II (Amount to be debited or credited)
(A) Share Capital Account	(I) Debited with amount not received
(B) Share Forfeited Account	(II) Credited with amount not received
(C) Calls-in-arrears Account	(III) Credited with amount received towards share capital
(D) Securities Premium Account	(IV) Debited with amount called up

The Correct Option is A

Solution and Explanation

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