The National Gene Fund has been established under:
Question and options
The National Gene Fund has been established under:
- Patents Act, 1970
- Biological Diversity Act, 2002
- Protection of Plant Varieties and Farmers’ Rights Act, 2001
- Convention on Biological Diversity, 1992
Answer and explanation
Correct answer: C - Protection of Plant Varieties and Farmers’ Rights Act, 2001
Section 45 of the Protection of Plant Varieties and Farmers’ Rights Act, 2001 constitutes the National Gene Fund, which receives benefit-sharing amounts, royalties and compensation and pays for benefit sharing and conservation. The Biological Diversity Act, 2002 sets up a different fund (the National Biodiversity Fund), and neither the Patents Act nor the Convention on Biological Diversity creates a National Gene Fund.
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