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The correct answer is option 4, which states that all three initiatives - Setting up of National Investment and Manufacturing Zones, Providing the benefit of `single window clearance`, and Establishing the Technology Acquisition and Development Fund - are recent policy initiatives of the Government of India to promote the growth of the manufacturing sector.
Option 1 suggests that only the first initiative is recent. This is inaccurate because all three are recent initiatives.
Option 2 implies that only the second and third initiatives are recent. But this also leaves out the first initiative, which is a recent move.
Option 3 suggests that only first and third initiatives are recent. However, this also neglects the significance of the second initiative.
Thus, the correct answer is option 4 as it correctly identifies all three initiatives as recent moves by the Government of India to promote the growth of the manufacturing sector.