2023 · Q99
Which among the following is not correct?
indian-polity-economyfederalism-emergency
- ALegislation on criminal law, barring exceptions, is a subject under the Concurrent List.
- BBankruptcy and Insolvency are subjects under the Concurrent List.
- CInter-State trade and commerce is a subject under the State List.
- DBanking is exclusively under the Union List.
Explanation
Criminal law (subject to stated exceptions) and bankruptcy and insolvency are both Concurrent List subjects, so A and B are correct, and banking is exclusively a Union List subject, so D is correct. Inter-State trade and commerce, however, is Entry 42 of the Union List, not a State List subject. Hence statement C is not correct.