What are the correct territorial limits of legislative powers vested in centre and state?
1. Parliament can make law for a part of the territory of India.
2. Extra-territorial legislation can be made by Parliament as well as states (in some cases).
3. In case of overlap in concurrent and state list, concurrent list prevails.
4. During a financial emergency the President can ask the states to reserve their financial bills including money bills for his consideration.
Select the correct answer using the code given below:1
1, 2 and 4 only
2
1, 3 and 4 only
3
2 and 3 only
4
More than one of the above
5
None of the above