Given below are two statements: Statement I : The Indian Government has set up GEAC, which will make decisions regarding the validity of GM research. Statement II : Biopiracy is the term used to refer to the use of bio-resources by native people. In the light of the above statements, choose the correct answer from the options given below
A. Statement I is true but Statement II is false
Option (1) is the correct answer because 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 and Biopiracy is used to refer to the use of bioresources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment, thus statement I is true but statement II is false.
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