In which year was the 'Lotteries Regulation Act' passed ?

1998

The correct answer is Option 1 - 1998

The Lotteries (Regulation) Act, 1998 is a law in India that regulates lotteries.

Purpose:
To regulate the organization and conduct of lotteries.
To prevent illegal lotteries.

The Act prescribes penalties for organizing, promoting, selling tickets, or acting as an agent for an illegal lottery. These penalties include imprisonment and fines.