UPSC Civil Services Model Paper 7

The Nagoya Protocol sought to ensure commercial and research utilization of genetic resources led to sharing its benefits with the government and the community that conserved such resources.
The Nagoya Protocol deals with Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization to the Convention on Biological Diversity. It is a 2010 supplementary agreement to the1992 Convention on Biological Diversity (CBD) .
Hence statement A is Incorrect and statement B is Correct.
It sets out obligations for its contracting parties to take measures in relation to access to genetic resources, benefit-sharing, and compliance.
Hence statement C is Correct.
Animal genetic resourcescomposed of breeds and strains of domesticated animals that humans have developed out of 40 wild species in the past 10,000 years were placed under the purview of the Nagoya Protocol.
India is a key repository of genetic resources related to animals and holds a rich diversity of distinct livestock breeds.