Step 1: Finding the critical points.
The critical points of a function occur when the first derivatives with respect to \( x \) and \( y \) are both zero. To find the critical points, we take the partial derivatives of \( f(x, y) \).
\[
\frac{\partial f}{\partial x} = -4 \cos x \quad \text{and} \quad \frac{\partial f}{\partial y} = 2y.
\]
Setting these equal to zero gives:
\[
-4 \cos x = 0 \quad \Rightarrow \quad \cos x = 0 \quad \Rightarrow \quad x = \frac{\pi}{2}, \frac{3\pi}{2}.
\]
\[
2y = 0 \quad \Rightarrow \quad y = 0.
\]
Thus, the critical points occur at \( \left( \frac{\pi}{2}, 0 \right) \) and \( \left( \frac{3\pi}{2}, 0 \right) \).
Step 2: Classification of critical points.
To classify the critical points, we examine the second derivatives:
\[
\frac{\partial^2 f}{\partial x^2} = 4 \sin x, \quad \frac{\partial^2 f}{\partial y^2} = 2, \quad \frac{\partial^2 f}{\partial x \partial y} = 0.
\]
At \( x = \frac{\pi}{2} \), \( \frac{\partial^2 f}{\partial x^2} = 4 \), which indicates a local minimum. At \( x = \frac{3\pi}{2} \), \( \frac{\partial^2 f}{\partial x^2} = -4 \), which indicates a saddle point. Additionally, the point \( \left( \frac{3\pi}{2}, 0 \right) \) is a local maximum.
Step 3: Conclusion.
Thus, the set of critical points consists of a point of local minimum and a saddle point. The correct answer is (D).