Solution:
Given a cyclic parallelogram.In a cyclic quadrilateral, sum of measures of opposite angles is .
The given cyclic quadrilateral is a parallelogram.
Hence, opposite pairs of angles will be congruent.
and and Hence,
Thus, the given parallelogram has all its angles equal to i.e. a rectangle.
Hence, any cyclic parallelogram is a rectangle.
Therefore, option 1 is correct.