Step 1: RMS of Fundamental in Full-Bridge Inverter
For square wave inverter output, the fundamental rms value is:
\[
V_{rms,1} = \frac{4V_{dc}}{\pi}
\]
Step 2: Apply Values
\[
V_{dc} = 48V \Rightarrow V_{rms} = \frac{4 \times 48}{\pi}
\]
Conclusion:
Option (1) is correct.