With reference to the Quit India Movement 1942, Which of the following statement is not correct?

1
On 8 August 1942, Mahatma Gandhi initiated the Quit India Movement or Bharat Chodo Aandolan from Bombay. 
2
Gandhiji gave the slogan “Do or Die” in his speech at the Gowalia Tank Maidan.
3
The slogan ‘Quit India’ was coined by Yusuf Meherally who was a socialist and also a trade unionist.
4
The immediate cause of the Quit India movement was the collapse of August Offer. 

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