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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? 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?

  1. (a)1, 2 and 3 only
  2. (b)1, 3 and 4 only
  3. (c)2 and 4 only
  4. (d)1, 2, 3 and 4
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Official answer(b) 1, 3 and 4 only