The Deccan Agriculturalists` Relief Act of 1879 was enacted with the objective of providing legal aid to insolvent peasants. This means that the act aimed to assist peasants who were unable to pay off their debts and were considered financially insolvent. The act provided legal support to these peasants, which likely included guidance and representation in legal matters related to their insolvency.
Option 1, restoring lands to the dispossessed peasants, is not the primary objective of this act. While it is possible that some peasants may have lost their lands due to indebtedness, the act focuses on providing legal aid to insolvent peasants rather than restoring their lands.
Option 2, ensuring financial assistance to peasants during social and religious occasions, is not mentioned as an objective of the act. The act specifically focuses on providing legal aid to insolvent peasants, rather than providing financial assistance for social and religious events.
Option 3, restricting the sale of land for indebtedness to outsiders, is not the objective of the act. The act primarily aims to provide legal aid to insolvent peasants, rather than imposing restrictions on land sales.
Therefore, option 4, giving legal aid to insolvent peasants, is the correct answer. Alert - There is no incorrect answer provided.