The Elephanta Island is a famous tourist destination located in Mumbai, India. It is known for its ancient cave temples which are dedicated to Lord Shiva. The correct statement about the Elephanta Island is option 4, which states that it is associated with the Pashupata sect.
The Pashupata sect is one of the oldest Shaivite sects in Hinduism, and they worship Lord Shiva as the Supreme Being. The Elephanta Island has several rock-cut cave temples, and these caves are believed to have been built and used by the Pashupata sect for their religious rituals and practices.
Option 1 is incorrect as the name of the island is not derived from any elephant structure located there. Option 2 is incorrect as the island contains multiple caves, not just one large cave. Option 3 is incorrect as there is no specific carving of Vishnu described in the Vishnudharmottara Purana that is associated with the Elephanta Island.
Therefore, the correct answer is option 4, as the Elephanta Island is indeed associated with the Pashupata sect.