Use of biological resources of other countries without any legal authorization of the countries concerned is called

Exploitation of bioresources of a nation by multinational companies without authorization from the concerned country is referred to as

Given below are two statements:
Statement $I$: The Indian Government has set up $\text{GEAC}$ which will make decisions regarding the validity of $\text{GM}$ research.
Statement $II$: Biopiracy is the term used to refer to the use of bio-resources by native people.
In the light of the above statements,choose the correct answer from the options given below:

The exploitation of bioresources by multinational companies and other organizations without proper authorization from the concerned country and its people,or without compensatory payment,is known as .......

Define/Explain: Patent.

$A$ : Some nations are developing laws to prevent unauthorised exploitation of their bioresources and traditional knowledge.
$R$ : Brazzein,a protein obtained from a West African plant,was isolated,sequenced,and patented in $U.S.A.$