"The use of bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment" is termed as 

The correct answer is Biopiracy.

Key Points

• Biopiracy:
  • It is the term used to refer to the use of bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment. Hence option 3 is correct.

Additional Information

• Bioremediation:
  • ​It is a process that uses mainly microorganisms, plants, or microbial or plant enzymes to detoxify contaminants in the soil and other environments.
• Bioaccumulation:
  • ​It is the process of a chemical moving from the external environment into the organism from all possible exposure routes (water, sediment, soil, air, or diet) and is expressed as a bioaccumulation factor (BAF).
• Biohacking:
  • It also known as human augmentation or human enhancement, is do-it-yourself biology aimed at improving performance, health, and wellbeing through strategic interventions. Some common biohacking techniques, like meditation and intermittent fasting, have been around since ancient times.