Step 1: Understand the question:
The Progressive Artists' Group was formed in Bombay in 1946. We must pick its members from the list.
Step 2: Recall the founders:
The six founding members were F. N. Souza, S. H. Raza, M. F. Husain, K. H. Ara, S. K. Bakre and H. A. Gade.
Step 3: Check A:
Francis Newton Souza was the founder and leader of the group, so A is correct.
Step 4: Check B:
K. H. Ara was a founding member, so B is correct.
Step 5: Check C:
S. K. Bakre (written here as S. A. Bakre) was a founding member, so C is correct.
Step 6: Check D:
Tyeb Mehta came to prominence later and was not one of the 1946 founders, so D is wrong.
Step 7: Match with the options:
A, B and C are right. Option 1 matches. Options 3 and 4 include D, and option 2 leaves out A.
Final Answer:
The group members in the list are A, B and C, which is option 1.
\[ \boxed{\text{Option 1}} \]