Question

A geostationary satellite revolves about the polar axis

Answer 1

Here is your answer A geostationary satellite revolves around the earth with the same angular velocity and in the same sense as done by the earth about its own axis, i.e. west-east direction. A polar satellite revolves around the earth's pole in north-south direction.

Answer 2

A geostationary satellite revolves around the earth at the same speed of the earth.