Q. Consider the following statements:
1.The Parliament has exclusive powers to make laws with respect to any of the matters enumerated in the Union List.
2.The power to make laws with respect to residuary subjects is vested in the state legislature.
3.The Parliament and the state legislature both have power to make laws with respect to goods and services tax imposed by the Union or by the State.
How many of the above statements is/are correct?
Answer: B
Notes:
Explanation:
- Statement 1: Correct
- Statement 2: Incorrect – Residuary powers belong to the Parliament, not the State.
- Statement 3: Correct – As per the 101st Constitutional Amendment, both Centre and States can make GST laws.
