Which of the following statements is correct?

The correct answer is Option 2 - The President submits his resignation to the Vice-President.

The President of India is the head of the state and holds a ceremonial position. If the President wishes to resign from their position, they would typically submit their resignation to the Vice President of India. The Vice President acts as the ex-officio Chairman of the Rajya Sabha (the upper house of Parliament), not the Lok Sabha.

Upon receiving the President's resignation, the Vice President would follow the necessary constitutional procedures to process the resignation and ensure the smooth transition of power.

The article that deals with the resignation of the President of India is Article 56 of the Constitution of India. According to Article 56(1), the President may resign from his office by writing under his hand addressed to the Vice-President.