Step 1: Understanding the Concept:
A lead-acid battery is a secondary (rechargeable) cell. It requires a liquid medium called an electrolyte to allow the flow of ions between the positive and negative plates during charging and discharging.
Step 2: Detailed Explanation:
In a lead-acid battery, the positive plate is Lead Peroxide ($\text{PbO}_2$) and the negative plate is Spongy Lead ($\text{Pb}$). To facilitate the chemical reaction, they are immersed in a solution of Dilute Sulphuric Acid ($\text{H}_2\text{SO}_4$).
During discharge, the acid reacts with the plates to form lead sulphate and water, which is why the specific gravity of the electrolyte drops as the battery loses charge.
Step 3: Final Answer:
The electrolyte used is sulphuric acid.