Statement I: Genetic Engineering Approval Committee (GEAC) make 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 organization without proper authorization from the countries and people concerned without compensatory payment is called Biopiracy.
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Statement I: Correct → The GEAC (Genetic Engineering Appraisal/Approval Committee) is responsible for approving GM research and regulating the release and use of GM organisms in India.
Statement II: Correct → Biopiracy refers to the unauthorized use of bio-resources by companies or organizations without permission or compensation to the source country or people.
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