Step 1: Understanding stack principle.
A stack is a linear data structure that follows the LIFO (Last In, First Out) principle. This means the element inserted last is the first to be removed.
Step 2: Insertion and deletion operations.
Both insertion (PUSH) and deletion (POP) happen only at one end, called the top of the stack.
Step 3: Eliminate wrong options.
- Option 1: LIFO, two → Wrong, operations occur only at one end.
- Option 2: FIFO, two → Wrong, FIFO describes queues, not stacks.
- Option 3: FIFO, top → Wrong, mixing queue property with stack position.
- Option 4: LIFO, one → Correct, as stack works on LIFO and one-end operation.
Final Answer:
\[
\boxed{\text{LIFO, one}}
\]