Which of the following is/are the subject of the union list specified by the Indian constitution?

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Trade and commerce

Banking

Defence

Both (2) and (3)

answer is D.

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Detailed Solution

Banking and defence
The union list includes the subjects of national importance handled and considered by the union government. The union government has the exclusive power to make laws on these subjects. The union list includes a total of 99 topics that are concerned with the nation as a whole. All these 99 subjects and related matters need a uniform national policy and laws all over the country. Hence it includes subjects like defence, banking, railways, etc. The subjects like trade, commerce, and agriculture are included in the state list.

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