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The correct answer is option 3 which states that only statement 3 - "Plant varieties are not eligible to be patented in India" is correct.
Explanation of each option:
Option 1 is incorrect because statement 1 - "According to the Indian Patents Act, a biological process to create a seed can be patented in India" is not a correct statement. India`s patents act does not allow patenting of biological processes to create a seed.
Option 2 is also incorrect. Although statement 3 is correct, statement 2 - "In India, there is no Intellectual Property Appellate Board." is inaccurate. India does have an Intellectual Property Appellate Board that oversees disputes related to intellectual property rights.
Option 3 is correct since it only comprises the correct Statement 3.
Option 4 is incorrect as it proposes that all statements are correct, which contradicts our previous explanations. While statement 3 is correct, statements 1 and 2 are not.