Given below are two statements:
Statement I: In 1997, an Indian company got patent rights on Basmati rice through the US Patent and Trademark Office.
Statement II: The Indian Patents Bill takes biopiracy and bioethical issues into consideration.
In the light of the above statements, choose the most appropriate answer from the options given below.
1
Both Statement I and Statement II are correct
2
Both Statement I and Statement II are incorrect
3
Statement I is correct but Statement II is incorrect
4
Statement I is incorrect but Statement II is correct