Current Affairs · Agricultural Policies
The PPV&FRA ensures equitable benefit sharing and provides up to ₹15 lakh for seed conservation. Which of the following statements correctly interpret its economic rationale?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It promotes private R&D in genetically modified organisms.
- 2It replaces patent protection under the Indian Patents Act, 1970.
- 3It acts as a price support mechanism for hybrid crop varieties.
- 4It internalizes externalities by compensating seed innovators and biodiversity conservers.✓
Correct answer
It internalizes externalities by compensating seed innovators and biodiversity conservers.
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