Option 1: Right to freedom refers to the individual`s freedom of speech, expression, movement, assembly, and association. While this is an important right, it is not specifically a political right.

Option 2: Right to contest elections is a political right as it grants individuals the ability to participate in the political process by standing as candidates and running for public office. This right allows citizens to have a say in shaping their government and exercising their democratic rights.

Option 3: Right to equality before the law is a fundamental right that ensures everyone is treated equally under the law, regardless of their political affiliations. While this right is crucial for a fair and just society, it is not specifically a political right.

Option 4: Right to life is a basic human right that guarantees individuals` safety and protection. Although it is a fundamental right, it is not directly related to political rights.

Therefore, the correct answer is option 2 - Right to contest elections.