Option 1 states that there were 7 National Parties and 48 State Parties recognized by the Election Commission at the time of the 1999 General Elections in India.

Option 2 states that there were 7 National Parties and 46 State Parties recognized by the Election Commission at the time of the 1999 General Elections in India.

Option 3 states that there were 6 National Parties and 46 State Parties recognized by the Election Commission at the time of the 1999 General Elections in India.

Option 4 states that there were 6 National Parties and 48 State Parties recognized by the Election Commission at the time of the 1999 General Elections in India, which is the correct answer.

To summarize, the correct answer is option 4, which states that there were 6 National Parties and 48 State Parties recognized by the Election Commission at the time of the 1999 General Elections in India.