As others have said, you are probably correct that it's the left two that matter. The top valve looks newer, so use that if you can. If it's easier to turn off the bottom valve (because the valve is too close to the side to turn), go ahead and try that. If it doesn't leak, things should be fine.
You also asked why there are two valves and what the difference is. It looks like the top valve converts from 3/4" pipe to 1/2" pipe. The bottom valve looks like outlet and inlet are both 3/4". This makes no difference to valve functionality.
This is speculative, but may be as good as you'll get without asking the person who did it. My guess is that the new fixture takes 1/2" pipe. This is strongly preferred for water conservation reasons. Your original pipes are 3/4". While it is possible to go from 3/4" to 1/2" without a valve, they probably find themselves frequently adding valves that do this. The cost difference is minimal, so they may only carry 3/4" to 1/2" conversions as valves. In the end, it was just easier to add a redundant valve than to wait for the correct part.
Other speculations may also be true, but I think this is the simplest possibility.
I agree with those who say that you can turn off the valve for extended periods of time.