Explanation:

- Option 1: Three Ragas

- This is one of Pandit Ravi Shankar's early albums, showcasing Indian classical sitar music.

- However, it did not win the Grammy Award in 1967.

- Option 2: West Meets East

This album, a collaboration between Ravi Shankar and Yehudi Menuhin, won the Grammy Award for Best Chamber Music Performance in 1967.

- Option 3: Concert for Bangladesh

- This notable album involved Ravi Shankar and was a live album from a benefit concert.

- It won a Grammy but not in 1967; it was awarded in 1973.

- Option 4: Full Circle

- A live recording from Carnegie Hall featuring Ravi Shankar.

- He won a Grammy for this album in 2002, not 1967.