Q1. Consider the following statements about benefit sharing under the Nagoya Protocol: 1. Benefits under the Protocol may only be monetary. 2. Sharing of benefits is not linked to mutually agreed terms. 3. Utilization is limited to field collection and excludes research and development. Which of the statements given above are correct?
Explanation
Statement 1 is false because benefits may be monetary or non-monetary. Statement 2 is false because sharing is subject to mutually agreed terms. Statement 3 is false because utilization includes research and development on the genetic or biochemical composition of genetic resources, as well as later applications and commercialization.
