How to get second largest or third largest entry from a table

Question

Can anyone please tell me how to find out the N th largest entry from a table in Oracle?

Like for largest we can use MAX(column_name) i

Answer 1

You can ORDER BY column name and then LIMIT 1,1 to get the second one

edit

Whoops, didn't see the Oracle tag, sorry.
ORDER BY column name WHERE ROWNUM = 2 should work better.