Step 1: Understand the nature of legislative bodies.
A legislative body that can be dissolved means it can be disbanded for a period but can be reformed or re-established. On the other hand, a legislative body that can be abolished is one that can be permanently removed from existence.
Step 2: Analyze the options.
Option (1) State Legislative Council cannot be dissolved but can be abolished by the state legislature, as per the constitutional provisions.
Option (2) The State Legislative Assembly can be dissolved by the Governor of the state and reconstituted after elections.
Option (3) Rajya Sabha, as the Upper House of Parliament, cannot be abolished but can be dissolved under specific circumstances as per the constitution.
Option (4) Lok Sabha can also be dissolved but not abolished, as it is an essential part of the Indian Parliament.
Step 3: Conclusion.
The correct answer is (1) State Legislative Council, as it can be abolished but not dissolved.