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Identify the incorrect statement.

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An Intiative by Sri Chaitanya

Most of the industrialised nations are rich financially but poor in biodiversity and traditional knowledge.

Traditional knowledge related to bio-resources can be exploited to develop modern applications.

Some nations are developing laws to prevent such unauthorised exploitation of their bio-resources and traditional knowledge.

Indian Patents Bill, is yet to be introduced in the Indian parliament.

answer is D.

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Detailed Solution

The Indian Parliament has recently cleared the second amendment of the Indian Patents Bill, that takes such issues into consideration, including patent terms emergency provisions and research and development initiative.

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