Explanation:

• The Genetic Engineering Appraisal Committee (GEAC) is the apex body that allows for the commercial release of GM crops in India.
• GEAC allowed the commercial release of Bt cotton in 2002.
• Bt cotton is the only Genetically Modified crop allowed to be cultivated in India. However, There have been few incidences of suspected open cultivation of Bt. brinjal and HT cotton were reported in Maharashtra, Haryana, Punjab, Gujarat and Andhra Pradesh but these are not officially allowed.
• Developed by US giant Bayer-Monsanto, it involves the insertion of two genes viz. ‘Cry1Ab’ and ‘Cry2Bc’ from the soil bacterium Bacillus thuringiensis into cotton seeds.
• This modification codes the plant to produce a protein toxic to Heliothis bollworm (pink bollworm) thus making it resistant to their attack.

Hence only statements 1&3 are correct.