Indian Polity · Polity

Which of the following statements based on the Seventh Schedule (Union List) entries is/are correct? 1. The Parliament has exclusive power to legislate on lotteries conducted by both the Central and State governments. 2. Matters related to the incorporation and regulation of co-operative societies are included in the Union List. 3. The Reserve Bank of India, foreign exchange, and currency are all under the legislative domain of the Union. 4. Parliament can make laws regarding corporations whose activities are not limited to one State, excluding universities.