Solution:In May and June, 1875, the peasants of Maharashtra in some parts of Pune, Satara and Nagar districts revolted against increasing agrarian distress. The Deccan revolt of 1875 targeted conditions of debt peonage to moneylenders.
The sole purpose of the rioters was to obtain and destroy the bond, decrease and other documents in the possession of the moneylenders. The Deccan riots resulted in protection for peasants through the Deccan Agriculturalists Relief Act of 1879.
The riots did not spread to the whole of Maharashtra because of prompt suppression by the British. The cotton boom in the Deccan that had been caused by the artificial demand generated by the American civil war caused the impoverishment of the peasants. Hence, statement 1, 2 and 4 are correct and statement 3 is incorrect.