The correct answer is Option 2, `Only two`. To understand why, let`s evaluate each statement.

1. "Jhelum River passes through Wular Lake" - This statement is correct. The Jhelum river does indeed pass through the Wular Lake in Jammu and Kashmir, India.

2. "Krishna River directly feeds Kolleru Lake" - This is incorrect. The Kolleru Lake, located in Andhra Pradesh, is fed not by the Krishna River, but by the Budameru and Ramileru rivers. The Krishna River actually feeds into the Bay of Bengal, and does not interact directly with the Kolleru Lake.

3. "Meandering of Gandak River formed Kanwar Lake" - This statement is also correct. The Kanwar Lake in Bihar, India, was indeed formed by the meandering and subsequent cut-offs of the Gandak river.

Therefore, out of the three statements, only the first and third are correct.