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.
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Explanation:
- It is known that Bioasphalt acts as an alternative to asphalt.
- The source of bioasphalt is renewable resources, and they are non-petroleum like rice, vegetable oils, sugar, potato starch, coconut waste, and many more.
- Since it can be made from organic material and is renewable in nature as well as eco-friendly, therefore the options “1, 3 & 4” of the given question are correct.
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