Explanation:

• Incorrect - The Directive Principles of State Policy (DPSP) are guidelines or principles given to the federal institutes governing the state of India. However, they are not enforceable by any court. Parliament can make laws that may not necessarily be consistent with the DPSP.

• Incorrect - Parliament is not restricted to making laws based solely on DPSP. It can make laws on any subject within its jurisdiction as specified in the Constitution.

• Correct - The Supreme Court has, in some cases, held that laws aimed at implementing the DPSP could be given precedence over certain Fundamental Rights, depending on the circumstances. This is part of the concept of harmonious construction between Fundamental Rights and DPSP.

So, only the third statement is correct.