Question

Trade and commerce comes under the
1) Union List
(2) Concurrent List
(3) Reserved List
(4) State List

Answer 1

Trade and commerce comes under the➡️Concurrent List.....

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Answer 2

Answer:

Trade and commerce comes under the Concurrent subjects in Seventh schedule of Indian Constitution.

Explanation:

The subjects of Trade and commerce are mentioned in the Entry 33 of List III of the Seventh Schedule of Indian Constitution. it comprises of the power of both the Central and the State to make legislation on the subject of Trade and Commerce.

The Central Government will make the rules and regulation on the foreign trade and commerce whereas the State Government have the power to legislate on the Internal Trade and Commerce between the Indian States.

Prior to Constitution provisions Article from 301 to 307 in Part XIII deals with trade and commerce within the territory of India.

Under Article 302, the Parliament have the authority to impose legal restrictions on the trade as and when necessary in the public interest.

Similarly, Article 305, restricts the State Monopolies over any goods and services.

And Article 307, Parliament can appoint an authority to carry out the purposes of other articles and provisions.

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