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The correct answer is option 4, which states that all the given statements are correct. Let`s dissect each option to understand why.
Option 1 states that jhum cultivation is largely practiced in North-Eastern Indian states. This statement is correct as jhum cultivation, also known as shifting cultivation, is commonly practiced in states like Nagaland, Manipur, Meghalaya, Mizoram, and Assam.
Option 2 states that jhum cultivation is referred to as the `slash and burn` technique. This statement is correct as jhum cultivation involves cutting down vegetation and burning it to clear the land for cultivation.
Option 3 states that in jhum cultivation, the fertility of the soil is exhausted in a few years. This statement is also correct. Due to the continuous practice of clearing and burning land, the soil fertility declines over time, leading to the need for shifting to new areas for cultivation.
Therefore, all three statements are correct, making option 4 the correct answer.