Which of the following award is also known as Academy Award?

Oscar Award

The correct answer is Option (2) - Oscar Award

The "Academy Award" is commonly referred to as the Oscar Award. It is one of the most prestigious awards in the entertainment industry, recognizing excellence in various categories of filmmaking. The award is presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS), based in the United States.

The Oscar Awards cover a wide range of categories including Best Picture, Best Director, Best Actor, Best Actress, Best Supporting Actor, Best Supporting Actress, and various technical and creative categories such as Best Original Screenplay, Best Cinematography, Best Film Editing, and many others.

The name "Oscar" is believed to have originated from the remark of Margaret Herrick, the Academy's executive secretary, who thought that the statuette resembled her Uncle Oscar. Since then, the name has stuck, and the Academy Awards have been colloquially referred to as the "Oscars."

Winning an Oscar is considered a significant achievement and often leads to increased recognition and prestige for the recipients and their work. The Oscar Awards ceremony, typically held in Los Angeles, California, is one of the most-watched televised events globally, drawing millions of viewers each year.