The correct answer is option 1, which states that statements 1, 2, 3, and 4 are correct.
Option 2 states that statements 2, 3, and 4 only are correct. However, this is incorrect as statement 1 is also correct.
Option 3 states that statements 3 and 4 only are correct. This is also incorrect as statement 1 and 2 are also correct.
Option 4 states that statements 1 and 2 only are correct. This is incorrect as statement 3 and 4 are also correct.
Therefore, the correct answer is option 1.
To further explain the correct statements:
Statement 1 is correct - The Dharwar geological system belongs to the Archaean geological period, which is one of the oldest periods in Earth`s history.
Statement 2 is correct - The Dharwar geological system consists of metamorphosed sedimentary rocks, which have been transformed by heat and pressure.
Statement 3 is correct - The Dharwar geological system is of great economic importance due to its mineral resources, including gold, iron ore, and manganese.
Statement 4 is correct - The Dharwar geological system is predominantly found in the states of Karnataka, Tamil Nadu, Od