Residuary Powers: Parliament's Authority

The correct statements regarding residuary powers under the Constitution of India are 1 and 4.

Statement Verification: Residuary Powers

• Statement 1: Residuary powers have been given to the Union Parliament.
  This statement is correct. Article 248 of the Constitution of India states that Parliament has the exclusive power to make any law with respect to any matter not enumerated in the Concurrent List or State List.
• Statement 2: In the matter of residuary power, the Constitution of India follows the Constitution of Australia.
  This statement is incorrect. The Constitution of India, in vesting residuary powers in the Union, follows the Canadian model, not the Australian one. In Australia, residuary powers are generally with the states.
• Statement 3: Schedule 7 of the Constitution of India provides a list of residuary powers.
  This statement is incorrect. Schedule 7 outlines the distribution of legislative powers through the Union List, State List, and Concurrent List. Residuary powers are those not covered by these lists and are explicitly assigned to the Union Parliament by Article 248.
• Statement 4: The Government of India Act 1935 placed residuary powers in the hands of the Governor General.
  This statement is correct. The Government of India Act 1935 had provisions where the residuary legislative powers were vested in the Governor-General.

Final Answer Determination

Statements 1 and 4 are identified as correct. Therefore, the correct option combines these two statements.