Step 1: Understanding the Concept:
In India, the import, manufacture, use, export, and environmental release of genetically engineered organisms are regulated by statutory bodies under the Ministry of Environment, Forest and Climate Change (MoEFCC).
Step 2: Detailed Explanation:
GEAC stands for the Genetic Engineering Appraisal Committee.
It is the statutory body constituted under the Rules for the Manufacture, Use, Import, Export, and Storage of Hazardous Microorganisms, Genetically Engineered Organisms or Cells, 1989, enacted under the Environment (Protection) Act, 1986.
The committee is responsible for approving proposals involving the large-scale use of hazardous microorganisms and recombinants, including the environmental release of genetically modified crops (such as Bt cotton or GM mustard) and field trials.
Originally called the "Genetic Engineering Approval Committee," its name was updated to "Genetic Engineering Appraisal Committee" in 2010 to better reflect its role in scientific evaluation and appraisal.
Step 3: Final Answer:
Hence, the correct option is (B).