The correct answer is option 3, which states that both the Supreme Court and the High Courts are competent to issue writs for the enforcement of Fundamental Rights.

Fundamental Rights are the basic rights guaranteed to every citizen of India. These rights are protected by the Constitution and can be enforced through legal action. Writs are written orders issued by the courts to enforce these rights and protect individuals from any infringement.

The President, option 1, does not have the authority to issue writs. The President is the head of state and is responsible for the executive function of the government.

The Supreme Court, option 2, is the highest judicial authority in the country. It has the power to issue writs for the enforcement of Fundamental Rights.

The High Courts, option 3, are subordinate to the Supreme Court but have the same authority to issue writs for the enforcement of Fundamental Rights.

Parliament, option 4, is the legislative body responsible for making laws and does not have the authority to issue writs.

Therefore, the correct answer is option 3, which states that both the Supreme Court and the High Courts are competent to issue writs for the enforcement of Fundamental Rights.