Consider the following statements:<br/>1. In the first Lok Sabha, the single largest party in the opposition was the Swatantra Party.<br/>2. In the Lok Sabha, a "Leader of the Opposition" was recognised for the first time in 1969.<br/>3. In the Lok Sabha, if a party does not have a minimum of 75 members, its leader cannot be recognised as the Leader of the Opposition.<br/><br/>Which of the statements given above is/are correct?

1. Incorrect. In the first Lok Sabha (1952-57), the Communist Party of India (CPI) was the largest opposition party, not the Swatantra Party; Swatantra Party was formed only in 1959.

2. Correct. The Leader of the Opposition in the Lok Sabha was formally recognised for the first time in 1969.

3. Incorrect. The commonly cited rule is that the opposition party should have at least 10% of Lok Sabha strength (i.e. 55 members, not 75) for its leader to be recognised; in any case, 75 is factually wrong.

Therefore, only statement 2 is correct.