Q.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 ?
Correct answer: 1. 3 and 4 only