Q. Which of the following deal with the residuary power of taxation in India:

1. Article 248
2. Seventh Schedule
3. Eighth Schedule

Select the correct option from the codes given below:
Answer: Only 1 & 2
Notes: Article 248 of the Constitution of India provides the Parliament exclusive power to make laws on matters not enumerated in the Concurrent or State List (residuary powers), including taxation. The Seventh Schedule (Union, State, Concurrent lists) contains Entry 97, which further empowers Parliament. The Eighth Schedule pertains to official languages and is unrelated to taxation powers.