Which of the following statements about Federal Features of the Indian Constitution is Incorrect?

1. There is a division of legislative, administrative and financial powers between the Union (National) Government and State governments.
2. The Union Parliament is the final interpreter and guardian of the Constitution.
3. The Union Parliament can alter the boundaries of States in order to form a new state.
4. Subjects of national importance, such as defence, foreign affairs and currency are placed under the control of the Union Government.

The Union Parliament is the final interpreter and guardian of the Constitution.