What is meant by Quorum?

1
It is the minimum number of members required to be present in the House before it can transact any business.
2
It is the maximum number of members required to be present in the House before it can transact any business.
3
It is the equal number of members required to be present in the House before it can transact any business.
4
It is the equal to 2/3 of members required to be present in the House before it can transact any business.

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