Get Selected Text of DropDownList in Controller in ASP.Net MVC

Here Mudassar Ahmed Khan has explained with an example, how to get DropDownList Selected Text in Controller in ASP.Net MVC Razor. The Selected Value of DropDownList is easily available using Model or using Request.Form collection, but in order to get the Selected Text, the Selected Text is copied to a Hidden Field using jQuery and then it is fetched inside Controller in ASP.Net MVC.