Given below are two statements.
Statement I: Genetic engineering Approval Committee (GEAC) makes decisions regarding the validity of GM research and the safety of introducing GM-organisms for public services in India.
Statement II: Use of bio-resources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payments is called biopiracy.
In light of the above statements, choose the correct answer from the options given below.

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Both statement I and statement II are correct.

Both statement I and statement II are incorrect.

Statement I is correct but statement II is incorrect.

Statement I is incorrect but statement II is correct.

answer is A.

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Detailed Solution

The Indian Government has set up organisations such as GEAC (Genetic Engineering Approval Committee), which will make decisions regarding the validity of GM research and the safety of introducing GM-organisms for public services.

Biopiracy 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.

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