Explanation:

All statements are correct.

• The National Tiger Conservation Authority (NTCA) is a statutory body under the Ministry of Environment, Forests and Climate Change constituted under enabling provisions of the Wildlife (Protection) Act, 1972, as amended in 2006, for strengthening tiger conservation.

• Certain protected areas are declared as Tiger Reserves for conservation of Tigers. These Reserves are notified by State Governments as per provisions of Section 38V of the Wildlife (Protection) Act, 1972 on advice of the NTCA. 

Objectives

• Providing statutory authority to Project Tiger so that compliance of its directives becomes legal.

• Fostering accountability of Center-State in management of Tiger Reserves, by providing a basis for MoU with States within our federal structure.

• Addressing livelihood interests of local people in areas surrounding Tiger Reserves.

Hence option 4th is correct.