Answer: Option B
:
B
Explanation:
Statement 1 is correct: There are two sets of government created by the IndianConstitution: one for the entire nation called the union government (central government) and one for each unitor State called the State government. Both of these have constitutional status and clearly identified areas of activity.
Statement 2 is Incorrect: One of the important aspects of this division of powers is that economic and financial powers are centralised in the hands of the central government by the Constitution. The States have immense responsibilities but very meagre revenue sources.
Statement 3 is correct:If there is any dispute about which powers come under the control of the union and which under the States, this can be resolved by the Judiciary on the basis of the constitutional provisions.
Statement 4 is correct: Concurrent List Includes Subjects like,

• Education


• Transfer of Property other than Agricultural land


• Fores


• Trade Union


• Adulteration


• Adoption and Succession

Both the Union and State Legislature can make laws on these matters.