What is the unauthorized use of bioresources by multinational companies and other organizations called?

$A$ monopoly granted to a person who has either invented a new and useful article,made improvement in an existing article,or invented a new process of making an article is called:

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.

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

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:

$A$ : 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 $U.S.A.$