Correct Answer: (a) In 1978, by 44th Constitutional Amendment.
Solution:Article 301 is related to freedom of trade, commerce and intercourse, and not to the right to property. The Right to property was a fundamental right under Article 19(1)(f), but by the 44 Amendment 1978, this Clause [19(1)(1)] has been omitted, and Article 300-A has been inserted, which provides that no person shall be deprived of his property save by authority of law. This amendment was done at the time of the Janta Party Government. After that amendment, the right to property became a legal right and ceased to be a fundamental right. Thus only statement 2 is correct.