The term 'Base Erosion and Profit Shifting' is sometimes seen in the news in the context of

The term 'Base Erosion and Profit Shifting' is sometimes seen in the…

mining operations by multinational companies in resource-rich but backward areas
curbing of the tax evasion by multinational companies
exploitation of genetic resources of a country by multinational companies
lack of consideration of environmental costs in the planning and implementation of developmental projects

Answer

(a) BEPS is not about mining operations in backward/resource-rich areas. It deals with tax planning strategies that shift profits to low-tax jurisdictions. Verdict: Incorrect.
(b) Base Erosion and Profit Shifting (BEPS) refers to practices used by multinational companies to avoid or evade taxes by shifting profits and exploiting gaps in tax rules; OECD/G20 BEPS framework aims to curb this. Verdict: Correct.
(c) BEPS is not about genetic resource exploitation or biopiracy. That issue relates to biodiversity and access-benefit sharing. Verdict: Incorrect.
(d) BEPS is not about environmental cost accounting in development projects. That belongs to environmental economics/impact assessment. Verdict: Incorrect.