{"id":90900,"date":"2025-06-01T10:39:58","date_gmt":"2025-06-01T10:39:58","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=90900"},"modified":"2025-06-01T10:39:58","modified_gmt":"2025-06-01T10:39:58","slug":"which-among-the-following-is-not-correct","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-among-the-following-is-not-correct\/","title":{"rendered":"Which among the following is not correct ?"},"content":{"rendered":"

Which among the following is not correct ?<\/p>\n

[amp_mcq option1=”Legislation on criminal law, barring exceptions, is a subject under the Concurrent List.” option2=”Bankruptcy and Insolvency are subjects under the Concurrent List.” option3=”Inter-State trade and commerce is a subject under the State List.” option4=”Banking is exclusively under the Union List.” correct=”option3″]<\/p>\n

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This question was previously asked in<\/div>\n
UPSC CAPF – 2023<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
Statement C is incorrect. Inter-State trade and commerce, including trade and commerce with foreign countries, is primarily a subject under the Union List (List I) in the Seventh Schedule of the Constitution of India (e.g., Entry 42: Inter-State trade and commerce; Entry 41: Trade and commerce with foreign countries, import and export across customs frontiers; Entry 43: Incorporation, regulation and winding up of trading corporations, including banking, insurance and financial corporations but not including co-operative societies). While States have legislative power over trade and commerce *within* the State (List II, Entry 26), the power over *inter-State* trade and commerce rests with the Union Parliament.<\/section>\n
The Seventh Schedule divides legislative powers between the Union and States. Inter-State trade and commerce is assigned to the Union List to ensure uniformity and national economic integration.<\/section>\n
Statement A is correct: Criminal law (except specific items in State\/Union Lists) and Criminal Procedure are in the Concurrent List (List III). Statement B is correct: Bankruptcy and Insolvency are in the Concurrent List (List III). Statement D is correct: Banking is exclusively in the Union List (List I).<\/section>\n","protected":false},"excerpt":{"rendered":"

Which among the following is not correct ? [amp_mcq option1=”Legislation on criminal law, barring exceptions, is a subject under the Concurrent List.” option2=”Bankruptcy and Insolvency are subjects under the Concurrent List.” option3=”Inter-State trade and commerce is a subject under the State List.” option4=”Banking is exclusively under the Union List.” correct=”option3″] This question was previously asked … <\/p>\n

Detailed SolutionWhich among the following is not correct ?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1105,1099,1178],"class_list":["post-90900","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1105","tag-indian-polity-and-governance","tag-schedules","no-featured-image-padding"],"yoast_head":"\nWhich among the following is not correct ?<\/title>\n<meta name=\"description\" content=\"Statement C is incorrect. Inter-State trade and commerce, including trade and commerce with foreign countries, is primarily a subject under the Union List (List I) in the Seventh Schedule of the Constitution of India (e.g., Entry 42: Inter-State trade and commerce; Entry 41: Trade and commerce with foreign countries, import and export across customs frontiers; Entry 43: Incorporation, regulation and winding up of trading corporations, including banking, insurance and financial corporations but not including co-operative societies). While States have legislative power over trade and commerce *within* the State (List II, Entry 26), the power over *inter-State* trade and commerce rests with the Union Parliament. The Seventh Schedule divides legislative powers between the Union and States. Inter-State trade and commerce is assigned to the Union List to ensure uniformity and national economic integration.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-among-the-following-is-not-correct\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which among the following is not correct ?\" \/>\n<meta property=\"og:description\" content=\"Statement C is incorrect. Inter-State trade and commerce, including trade and commerce with foreign countries, is primarily a subject under the Union List (List I) in the Seventh Schedule of the Constitution of India (e.g., Entry 42: Inter-State trade and commerce; Entry 41: Trade and commerce with foreign countries, import and export across customs frontiers; Entry 43: Incorporation, regulation and winding up of trading corporations, including banking, insurance and financial corporations but not including co-operative societies). While States have legislative power over trade and commerce *within* the State (List II, Entry 26), the power over *inter-State* trade and commerce rests with the Union Parliament. The Seventh Schedule divides legislative powers between the Union and States. 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Inter-State trade and commerce, including trade and commerce with foreign countries, is primarily a subject under the Union List (List I) in the Seventh Schedule of the Constitution of India (e.g., Entry 42: Inter-State trade and commerce; Entry 41: Trade and commerce with foreign countries, import and export across customs frontiers; Entry 43: Incorporation, regulation and winding up of trading corporations, including banking, insurance and financial corporations but not including co-operative societies). While States have legislative power over trade and commerce *within* the State (List II, Entry 26), the power over *inter-State* trade and commerce rests with the Union Parliament. The Seventh Schedule divides legislative powers between the Union and States. 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Inter-State trade and commerce, including trade and commerce with foreign countries, is primarily a subject under the Union List (List I) in the Seventh Schedule of the Constitution of India (e.g., Entry 42: Inter-State trade and commerce; Entry 41: Trade and commerce with foreign countries, import and export across customs frontiers; Entry 43: Incorporation, regulation and winding up of trading corporations, including banking, insurance and financial corporations but not including co-operative societies). While States have legislative power over trade and commerce *within* the State (List II, Entry 26), the power over *inter-State* trade and commerce rests with the Union Parliament. The Seventh Schedule divides legislative powers between the Union and States. 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