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(C) Both statements are correct.$GEAC$ (Genetic Engineering Appraisal Committee) was set up by the Ministry of Environment and Forests to regulate res

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$I$ and $II$

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(C) Both statements are correct.$GEAC$ (Genetic Engineering Appraisal Committee) was set up by the Ministry of Environment and Forests to regulate research,testing,and commercial release of $GM$ crops,food,and organisms.The aims and objectives of $GEAC$ are:$(i)$ To permit the use of $GM$ organisms and their products for commercial applications.$(ii)$ To adopt procedures for restriction,production at scale,import,export,and application of $GM$ organisms.$(iii)$ To provide approval to conduct large-scale field trials and the release of transgenic crops into the environment.$(iv)$ To authorize agencies or persons to have large-scale production and the release of $GM$ organisms into the environment,or to curb and take punitive action against them.

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