UPSC IAS - 2011

In the Union Budget 2011-12, a full exemption from the basic customs duty was extended to the biobased 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?

Year Asked: 2011

A
B
C
D
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