Explanation:

- Option 1: Parliament

- Correct Answer: Parliament has the power to abolish or create a legislative council in a state. This is done under Article 169 of the Indian Constitution. The procedure involves the State Legislative Assembly passing a resolution which must be approved by Parliament.

- Option 2: High court of the concerned state

- The High Court does not have any legislative power to create or dissolve legislative councils.

- Option 3: President

- The President of India does not have the direct power to create or abolish a legislative council. However, the President's role is often to give assent to legislative actions taken by Parliament.

- Option 4: Chief minister of the concerned state

- The Chief Minister can influence the process by advocating for or against the council, but cannot directly create or abolish it.