Explanation:

The list is made up of those intangible heritage elements that help demonstrate diversity of cultural heritage and raise awareness about its importance.

• The list was established in 2008 when Convention for Safeguarding of the Intangible Cultural Heritage came into effect.

UNESCO maintains three lists under its “Intangible Cultural Heritage” banner:

• the list of intangible cultural heritage in need of urgent safeguarding
• the list of the intangible cultural heritage of humanity and
• the register of good safeguarding practices.
• Some of the criteria for inclusion in the representative list are if the inscription of the element will ensure visibility and awareness of it and if the element has been nominated after having “the widest possible participation” of the community, group or individuals concerned and with their free, prior and informed consent.

UNESCO  “Intangible Cultural Heritage” from India

Hence option 3rd is correct.