Consider the following statements.
1. The Union or a state can acquire, hold and dispose property under the exercise of its executive power.
2. The executive power of the Union or a state extends to the carrying on any trade or business within and in other states.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2