Question : Which of the following is not an item mentioned in the Concurrent List of the Constitution of India?
Option 1: Bankruptcy and insolvency
Option 2: Criminal law
Option 3: Criminal procedure
Option 4: Banking
Correct Answer: Banking
Solution : The correct answer is Banking.
Banking is not included in the Concurrent List; banking is a subject of the Union List, which is mentioned in the 7th schedule of the Constitution. The 7th schedule has three lists: the Union list, the State list, and the Concurrent list. The Concurrent list comprises subjects that grant both the central government and state government the authority to make laws.
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