2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.2 %
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7.5 %
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10 %
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12.3 %
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Detailed explanation-1: -Under the fresh norm, royalty for the new genetically modified (GM) traits was capped at 10 per cent of the maximum sale price of BT cotton seeds for the first 5 years. Eligible seed firms get access to the GM technology was also ensured.
Detailed explanation-2: -India first allowed GM cotton cultivation in 2002 by approving Monsanto’s single gene Bollgard I technology, and Monsanto’s GM cotton seed technology soon dominated 90% of India’s cotton acreage. Apart from GM cotton, India has not approved any other transgenic crop.
Detailed explanation-3: -Today, most cotton grown in India uses Bt technology. Estimates of Bt cotton adoption vary from state to state, but at least 80% of cotton grown in each of the nine cotton-growing states of India is Bt cotton.
Detailed explanation-4: -Bt cotton is the only genetically modified (GM) crop that has been approved for commercial cultivation in 2002 by the Government of India.