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The correct answer is option 2: 24 hours.
A geostationary satellite is a satellite that orbits the Earth at the same rate that the Earth rotates on its axis, which is approximately 24 hours. This means that the satellite appears to be stationary from the perspective of an observer on the Earth`s surface.
Option 1, 90 minutes, is incorrect because this would be the time for a satellite in a low Earth orbit to complete one revolution around the Earth.
Option 3, 30 days, is incorrect because this would be the time for a satellite in a higher orbit, such as a Molniya orbit, to complete one revolution around the Earth.
Option 4, 365 days, is incorrect because this would be the time for a satellite in a much higher orbit, such as a geosynchronous orbit, to complete one revolution around the Earth.
Therefore, the correct answer is option 2: 24 hours, as a geostationary satellite completes its one revolution around the Earth in approximately this amount of time.