Current Affairs · Government Initiatives and Biotechnology
Consider the following statements regarding BioNEST: Statement I: BioNEST is an initiative by BIRAC to establish bio-incubation centers providing infrastructure and regulatory support to biotech startups. Statement II: The scheme facilitates establishing incubators inside academic/research institutions to accelerate technology commercialization. Which one of the following is correct in respect of the above statements?
- 1Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.✓
- 2Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 3Statement I is correct, but Statement II is incorrect.
- 4Statement I is incorrect, but Statement II is correct.
Correct answer
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
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