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In the Union Budget 2011-12, a full exemption from the basic customs duty was extended to the bio-based asphalt (bioasphalt). What is the importance of this material

In the Union Budget 2011-12, a full exemption from the basic customs duty was extended to the bio-based asphalt (bioasphalt). What is the importance of this material?
1. Unlike traditional asphalt, bio-asphalt is not based on fossil fuels.
2. Bioasphalt can be made from non-renewable resources.
3. Bioasphalt can be made from organic waste materials.
4. It is eco-friendly to use bioasphalt for surfacing of the roads.
Which of the statements given above are correct?

(a)

1, 2 and 3 only

(b)

1, 3 and 4 only

(c)

2 and 4 only

(d)

1, 2, 3 and 4

Answer:

(b)

CA

Explanation

Statement 1 is correct: Bioasphalt is made from renewable resources and is a greener alternative to traditional asphalt. Statement 2 is not correct: Bioasphalt is made from renewable, not non-renewable, resources. Statement 3 is correct: Bioasphalt can be made from various organic waste materials. Statement 4 is correct: It is eco-friendly and helps in reducing the urban heat island effect.