Q4. With reference to the Seventh Schedule, consider the following statements:

1. It distributes powers between the Union and the States.
2. It contains Union List, State List and Concurrent List.
3. The residuary powers are mentioned in the State List.

Which of the statements given above is/are correct?

A. 1 and 2 only
B. 2 only
C. 1 and 3 only
D. 1, 2 and 3