Match the lists with their subjects in the Indian Constitution:
| List-I | List-II | ||
|---|---|---|---|
| (Lists) | (Subjects) | ||
| (A) | Union List | (I) | Forests |
| (B) | State List | (II) | Trade and Commerce |
| (C) | Concurrent List | (III) | Banking |
| (D) | Residuary | (IV) | Cyber Laws |
Choose the most appropriate answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A)-(III), (B)-(II), (C)-(I), (D)-(IV)
The Seventh Schedule divides law-making subjects into three lists: the Union List (Parliament alone), the State List (state legislatures alone) and the Concurrent List (both). Subjects in none of the lists are residuary and belong to Parliament (Article 248).
(A) Union List — this matches (III) Banking. Banking is a Union subject, so the banking laws and the Reserve Bank are matters for Parliament alone.
(B) State List — this matches (II) Trade and Commerce. Trade and commerce within the state is a State subject; trade between states is in the Union List.
(C) Concurrent List — this matches (I) Forests. Forests were moved from the State List to the Concurrent List by the 42nd Amendment (1976).
(D) Residuary — this matches (IV) Cyber Laws. Cyber law is a new subject that none of the lists names, so it is a residuary subject on which Parliament makes laws.