Explanation:

Only statements 1&3 are correct.

• Cabinet Committee on Economic Affairs (CCEA) approves launch of Urea Gold

• Urea gold will support the other initiative of government in the sphere of Environmentally Friendly Fertilizers (EFFs).

• Urea gold is a Sulphur-Coated Urea (SCU). 

• It is a non-organic slow-release fertilizer and is generally prepared by coating preheated urea granules with molten sulphur.

• Sulphur coating ensures a more gradual release of nitrogen.

• It prolongs the urea action, thus helping plants to stay greener for longer time. 

• It will increase efficiency and reduce frequent application of fertilizer, thus enhancing soil health.

• As per Indian Council of Agricultural Research (ICAR) study, use of SCU leads to reduction in urea consumption by 25%.

• EFFs are fertilizers that can reduce environmental pollution from nutrient loss by retarding, or even controlling, the release of nutrients into soil.

• EFFs also include organic fertilizers such as Biocompost, Vermicompost, etc.

Hence option 2nd is correct.