Article 248 of the Constitution vests the Residuary Powers with the Parliament. What does 'residuary powers' imply?

1
The supreme power of the Parliament to make laws on any aspect of the three lists.
2
The power of the Parliament to supersede the law made by a State on an item of concurrent list.
3
The exclusive power of the Parliament to make law on any matter not a part of any list.
4
The exclusive power of the State Legislature to make laws in concurrent list.

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