The least count (LC) of a travelling microscope is given by: \[ \text{LC} = \frac{\text{Value of one main scale division}}{\text{Number of divisions on the Vernier scale}} = \frac{1 \, \text{msd}}{25} \] Given:
- 1 msd = \( \frac{15 \, \text{cm}}{300} = 0.05 \, \text{cm} \),
- Vernier scale has 25 divisions, and each division is equal to 24 divisions of the main scale.
Thus, the least count is: \[ \text{LC} = \frac{0.05 \, \text{cm}}{25} = 0.002 \, \text{cm} \]
Thus, the correct answer is (2).