Who initiated the new religion "Din i Illahi"?

Akbar

The correct answer is Option 3- Akbar

The initiator of the new religion "Din-i Ilahi" was Akbar, the Mughal emperor who reigned from 1556 to 1605.
Din-i Ilahi blended elements from various religions, including Hinduism, Islam, Zoroastrianism, Jainism, and Christianity.
Din-i Ilahi primarily remained confined to a select group of individuals within the Mughal court and didn't gain widespread acceptance.
Following Akbar's reign, the movement gradually faded away.