Genetically modified food crops are not desirable because,.......

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:

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

Give any two reasons why the patent on Basmati should not have gone to an American Company.

Ignoring our traditional knowledge can prove costly in the area of biological patenting. Justify.

Which step has been taken by the Government of India to cater to the requirements of patent terms and other emergency provisions in this regard?