Which of the following is a key function of the 'National Biodiversity Authority' (NBA) in India?
- Granting mining leases
- Regulating access to biological resources and ensuring equitable benefit-sharing under the Biological Diversity Act
- Managing stock markets
- Overseeing railway operations
Answer: Regulating access to biological resources and ensuring equitable benefit-sharing under the Biological Diversity Act
NBA, headquartered in Chennai, approves applications for biological resource use by foreign entities and advises the government on biodiversity conservation and sustainable use.