The correct answer to the question is option 4, The Minto-Morley Reforms. The Indian Councils Act of 1909 is also commonly referred to as the Minto-Morley Reforms.

Option 1, The Chelmsford Reforms, is not the correct answer. The Chelmsford Reforms refer to a series of constitutional reforms introduced in 1919 by Lord Chelmsford, the Viceroy of India at that time.

Option 2, The August Offer, is also not the correct answer. The August Offer was a proposal put forth by the British government in 1940, offering some limited self-governance to India in exchange for their support in World War II.

Option 3, The Wood`s Despatch, is not the correct answer either. The Wood`s Despatch, or the Education Despatch, was a policy document issued in 1854 by Sir Charles Wood, the British Secretary of State for India, regarding the education system in India. It aimed to promote the spread of Western education in the country.

Therefore, the correct answer to the question is option 4, The Minto-Morley Reforms, which is the commonly used term for the Indian Councils Act of