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The Preamble of the Constitution serves which of the following purposes?
I. Source of power for the Legislature
II. States the objectives which the Constitution seeks to establish and promote
III. Lays out provisions for economic liberty
IV. States the source from which the Constitution derives its authority
Select the correct answer using the code given below.
Explanation
The Preamble of the Indian Constitution serves several key purposes. First, it indicates the source of authority of the Constitution, which is "We, the People of India" (Statement IV). Second, it states the objectives of the Constitution, including Justice, Liberty, Equality, and Fraternity (Statement II). However, as established by the Supreme Court, the Preamble is not a source of power for the legislature, nor does it impose prohibitions on its powers (Statement I is incorrect). Regarding Statement III, the Preamble provides for "Justice: social, economic and political" and "Liberty of thought, expression, belief, faith and worship." It does not mention "economic liberty," making Statement III incorrect. Therefore, only statements II and IV are correct.