Q. “Fair and equitable sharing of the benefits” is associated with which of the following act?

[A] Biological Diversity Act 2002

[B] Environment (Protection) Act, 1986

[C] Public Liability Insurance Act and Rules 1991

[D] Forest Rights Act, 2006

Answer: A

The Biological Diversity Act 2002 and Biological Diversity Rules provide for the conservation of biological diversity, sustainable use of its components, and fair and equitable sharing of the benefits arising out of the use of biological resources and knowledge associated with it. 

Source: https://vikaspedia.in/energy/policy-support/environment-1/forests/general-environmental-acts