Concept:
Chemical bonds are formed due to overlap of atomic orbitals.
There are mainly two types of covalent bonds:
• Sigma \((\sigma)\) bond
• Pi \((\pi)\) bond
A sigma bond is formed by head-on overlapping along the internuclear axis, whereas a pi bond is formed by lateral or sidewise overlapping of orbitals.
Step 1: Understanding formation of a \(\pi\)-bond.
In a \(\pi\)-bond:
• Parallel \(p\)-orbitals overlap sideways.
• Electron density is concentrated above and below the internuclear axis.
This sideways overlap is called lateral overlapping.
Thus,
\[
\boxed{\pi \text{-bond is formed by lateral overlapping}}
\]
Step 2: Why other options are incorrect.
• Overlapping along internuclear axis forms a sigma bond, not a pi bond.
• Transfer of electrons occurs in ionic bonding.
• Since all statements are not correct, “All the above” is incorrect.
Hence, the correct answer is:
\[
\boxed{(2)\ \text{Lateral overlapping of orbitals}}
\]