Which of the following is/are correctly matched 1. Railways: State List 2. Post Office Savings Bank: Union List 3. Gas and gas-works: State List 4. Bankruptcy and insolvency: Concurrent List 5. Economic and social planning: Union List?

Option 3 : 2, 3 and 4 only

The correct answer is 2, 3, and 4 only.

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Article 246. The subject matter of laws made by Parliament and by the Legislatures of States

1. Notwithstanding anything in clauses (2) and (3), Parliament has exclusive power to make laws with respect to any of the matters enumerated in List I in the Seventh Schedule (in this Constitution referred to as the Union List).
2. Notwithstanding anything in clause (3), Parliament, and, subject to clause (1), the Legislature of any State also, have the power to make laws with respect to any of the matters enumerated in List III in the Seventh Schedule (in this Constitution referred to as the Concurrent List).
3. Parliament has power to make laws with respect to any matter for any part of the territory of India not included (in a State) notwithstanding that such matter is a matter enumerated in the State List.

Article 248. Residuary powers of legislation

1. Parliament has exclusive power to make any law with respect to any matter not enumerated in the Concurrent List or State List.
2. Such power shall include the power of making any law imposing a tax not mentioned in either of those Lists.

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