We shall take up $-\frac{1}{4} \le \frac{1}{2} - \frac{x}{3}$ and $\frac{1}{2} - \frac{x}{3} \lt 2$ separately.
Case I. Solving $-\frac{1}{4} \le \frac{1}{2} - \frac{x}{3}$,
L.C.M. of 4, 2 and 3 = 12
Multiplying both sides by 12, we get
$$\begin{aligned}\Rightarrow 12 \times \Big(-\frac{1}{4}\Big) \le 12 \times \Big(\frac{1}{2} - \frac{x}{3}\Big) \\[1em] \Rightarrow -\frac{12}{4} \le \frac{12}{2} - \frac{12x}{3} \\[1em] \Rightarrow -3 \le 6 - 4x \\[1em] \Rightarrow -3 - 6 \le -4x \\[1em] \Rightarrow -9 \le -4x \\[1em] \Rightarrow \frac{-9}{-4} \ge x \\[1em] \Rightarrow x \le \frac{9}{4} \\[1em] \Rightarrow x \le 2\frac{1}{4}\end{aligned}$$
⇒ Solution set of $-\frac{1}{4} \le \frac{1}{2} - \frac{x}{3}$ is A = {....., 0, 1, 2}
Case II. Solving $\frac{1}{2} - \frac{x}{3} \lt 2$,
L.C.M. of 2 and 3 = 6
Multiplying both sides by 6, we get
$$\begin{aligned}\Rightarrow 6 \times \Big(\frac{1}{2} - \frac{x}{3}\Big) \lt 6 \times 2 \\[1em] \Rightarrow \frac{6}{2} - \frac{6x}{3} \lt 12 \\[1em] \Rightarrow 3 - 2x \lt 12 \\[1em] \Rightarrow -2x \lt 12 - 3 \\[1em] \Rightarrow -2x \lt 9 \\[1em] \Rightarrow x \gt \frac{9}{-2} \\[1em] \Rightarrow x \gt -\frac{9}{2} \\[1em] \Rightarrow x \gt -4\frac{1}{2}\end{aligned}$$
⇒ Solution set of $\frac{1}{2} - \frac{x}{3} \lt 2$ is B = {-4, -3, -2, -1, 0, 1, 2, .....}
⇒ Solution set for both the given inequations = A ∩ B = {-4, -3, -2, -1, 0, 1, 2}
Hence, solution set = $\bm{{-4, -3, -2, -1, 0, 1, 2}}$.