With reference to the Constitution of India, which one of the following pairs is not correctly matched?
Subject
List
(a)
Stock Exchange
-
State List
(b)
Forest
-
Concurrent List
(c)
Insurance
-
Union List
(d)
Marriage and Divorce
-
Concurrent List
A
Stock Exchange - State List
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B
Forest - Concurrent List
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C
Insurance - Union List
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D
Marriage and Divorce - Concurrent List
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Solution
The correct option is A Stock Exchange - State List Stock Exchange and future markets are a subject enumerated in the Union List under seventh Schedule of the Constitution. It implies that only the Parliament has the power to make laws regulating stock exchange and its functioning.