The correct answer is option 2 - Jhelum. Srinagar, the capital city of Jammu and Kashmir in India, is situated on the banks of the Jhelum River. The Jhelum River is a major waterway in the region, and it flows through the city, dividing it into two parts. The river originates from the Verinag Spring in the southeastern part of the Kashmir Valley and flows through various towns and cities before eventually joining the Chenab River. The Jhelum River is an important source of water for irrigation and provides a picturesque view in Srinagar with its meandering flow and beautiful bridges. Therefore, it can be concluded that Srinagar is located on the bank of the Jhelum River.