Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Both 1 and 2
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is correct: Biodiversity Management Committees (BMCs) established at the local body level under the Biological Diversity Act, 2002 are fundamental institutions for implementing the Access and Benefit Sharing (ABS) framework under the Nagoya Protocol. Statement 2 is correct: Under Section 41 of the Biological Diversity Act, 2002, BMCs may levy collection fees on any person accessing biological resources within their territorial jurisdiction for commercial purposes.
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