With reference to the legislative relations between the Centre and states in the Indian Constitution, consider the following statements:
The Parliament has exclusive power to legislate on all matters in the Union List, including residuary powers.
The state legislature can legislate on Concurrent List subjects, but in case of a conflict, the state law prevails if it has received the President’s assent.
The Parliament can legislate on State List matters during a financial emergency.
The Concurrent List originally contained 52 subjects, which has now been reduced to 47 subjects.
Which of the statements given above are correct?
A1 and 2 only
B2 and 3 only
C1 and 3 only
D2 and 4 only