jquery select the option by text code example
Example 1: jquery selected option text
$( "#myselect option:selected" ).text();
Example 2: jquery select option by text
$("#myDropdown option:contains(Option 2)").attr('selected', 'selected');
$( "#myselect option:selected" ).text();
$("#myDropdown option:contains(Option 2)").attr('selected', 'selected');