The Ashok Chakra Class-III was renamed as the ______ in 1967.

Shaurya Chakra

The correct answer is Option (3) - Shaurya Chakra

The "Shaurya Chakra" is a military decoration awarded for gallantry by the Government of India. It was originally instituted in 1952 as the "Ashok Chakra Class-III" and was primarily awarded to civilians for acts of bravery not involving conflict with an enemy. However, in 1967, the name of the decoration was changed to "Shaurya Chakra" to better reflect its significance and to align with the naming conventions of other military decorations.

The term "Shaurya" translates to "bravery" or "valor" in Hindi, emphasizing the courageous actions and sacrifices made by recipients of this award. The Shaurya Chakra is awarded to military personnel, as well as civilians, for acts of bravery in the face of adversity, including during times of conflict, war, or insurgency.

Overall, the renaming of the decoration as the "Shaurya Chakra" in 1967 marked a recognition of the valor and bravery displayed by individuals in various challenging circumstances, regardless of whether they were in military service or civilian life.