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Option 1 states that DRDO was formed in the year 1958. This is correct as DRDO was indeed established in 1958, making it more than 60 years old.
Option 2 mentions that DRDO is a network of 10 laboratories engaged in developing defense technologies. This statement is not correct as DRDO actually consists of more than 50 laboratories spread across various locations in India, not just 10.
Option 3 states that DRDO operates under the Ministry of Defence. This is correct and in line with the organizational structure of DRDO. It functions as a government agency under the Ministry of Defence, with the aim of developing indigenous defense technologies and systems.
Option 4 mentions that some of DRDO`s major products include the development of missiles, armaments, light combat aircraft, etc. This statement is correct. DRDO has made significant contributions to the development of these defense products and technologies, along with many others.
In conclusion, options 1, 3, and 4 are correct about DRDO, but option 2 is not. DRDO is not limited to just 10 laboratories, but consists of more than 50 laboratories.