Each option in this question involves pairing renowned professionals with their respective fields of work.

Option 1: In this option, B. V. Rao is incorrectly paired with Fisheries Economy, C. K. Prahalad with Management Science is correct, but John Kurien with Automobile Manufacture and Kiran Karnik with Information Technology and Software aren`t the right pairs.

Option 2: This option pairs B. V. Rao with Poultry Farming and C. K. Prahalad with Information Technology and Software, but these are not correct pairs. Additionally, John Kurien isn`t associated with Fisheries Economy, neither is Kiran Karnik with Management Science.

Option 3: In this option, no pairs are correctly matched that creates confusion and misunderstanding.

Option 4: All pairs in this option are correctly matched - B. V. Rao with Poultry Farming which he is renowned for, C. K. Prahalad who is a globally recognized Management Guru, John Kurien who is associated with Fisheries Economy, and Kiran Karnik, a notable name in Information Technology and Software.

Hence the correct answer is Option 4.