To promote and propagate understanding of Indian art, both within and outside the country, the Government of India established the Lalit Kala Akademi (National Academy of Arts) at New Delhi in:

1954

The correct answer is Option (2) - 1954

The Lalit Kala Akademi, also known as the National Academy of Arts, was established by the Government of India in 1954 in New Delhi. Its primary objective is to promote and propagate understanding of Indian art, both within the country and internationally. The Akademi serves as a premier institution for the development and promotion of visual arts in India. It provides support to artists, organizes exhibitions, workshops, and seminars, and works towards preserving and enriching India's artistic heritage. The establishment of the Lalit Kala Akademi marked a significant step in nurturing and showcasing the diversity and richness of Indian art on a national and global platform.