Consider the following statements:
Statement I: Religious endowments and institutions are in the State List of the Seventh Schedule of the Constitution.
Statement II: States draw their power to regulate religious institutions from Article 25(2), which allows governments to make laws regulating economic, financial, or other secular activities associated with religious practice.
Which one of the following is correct in respect of the above statements?
1
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I
2
Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I
3
Statement I is correct, but Statement II is incorrect
4
Statement I is incorrect, but Statement II is correct