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The correct answer is option 3, which states that India`s `Look East Policy` is directed towards South-East Asian countries and seeks to develop a bond among various countries on the basis of economic cooperation.
Option 1 states that the policy was articulated during the reign of H.D. Deve Gowda as India`s Prime Minister. However, this statement is incorrect. The `Look East Policy` was first articulated by Prime Minister P.V. Narasimha Rao in 1991.
Option 2 states that the policy is about controlling terrorism. This statement is incorrect. The `Look East Policy` primarily focuses on enhancing economic cooperation and strengthening political and cultural ties with South-East Asian countries.
Option 4 states that the policy seeks to develop a bond among various countries on the basis of economic cooperation and is about controlling terrorism. While the `Look East Policy` does aim to develop economic cooperation, it does not specifically target terrorism.
In conclusion, option 3 accurately represents India`s `Look East Policy` as it focuses on building economic cooperation and strengthening ties with South-East Asian countries.