Rajiv Gandhi Khel Ratna Award is accorded annually by the:

Ministry of Youth Affairs and Sports, Govt. of India

The correct answer is Option (2) - Ministry of Youth Affairs and Sports, Govt. of India

The Rajiv Gandhi Khel Ratna Award is India's highest sporting honor, presented annually by the Ministry of Youth Affairs and Sports, Government of India. It is named after the former Prime Minister of India, Rajiv Gandhi, and is awarded to outstanding athletes who have made significant contributions to Indian sports by consistently achieving excellence at the international level.

Established in 1991-1992, the Rajiv Gandhi Khel Ratna Award recognizes athletes from various sports disciplines, including individual and team sports. Recipients of this prestigious award receive a medal, a certificate, and a cash prize.

The selection process for the Rajiv Gandhi Khel Ratna Award involves a committee comprising eminent sportspersons, sports administrators, and government officials. They review the performances of athletes over the past four years and consider factors such as medals won in international competitions, world rankings, and overall contribution to their respective sports.

Winning the Rajiv Gandhi Khel Ratna Award is considered a significant achievement in an athlete's career and serves as recognition of their dedication, hard work, and exceptional talent. The award also serves to inspire aspiring athletes and promote the development of sports in India.