Option 1: I and II

This option states that it is compulsory to quote the Income Tax Permanent Account Number (PAN) during transactions I and II. However, this is not entirely correct as it omits transactions III and IV.

Option 2: I, III and IV

This option states that it is compulsory to quote PAN during transactions I, III, and IV. This is partially correct as it includes transactions III and IV but omits transaction II.

Option 3: I, II and IV

This option states that it is compulsory to quote PAN during transactions I, II, and IV. This is also partially correct as it includes transactions II and IV but omits transaction III.

Option 4: I, II, III and IV

This option states that it is compulsory to quote PAN during all four transactions: I, II, III, and IV. This is the correct answer as it includes all the transactions mentioned in the question.

Therefore, the correct answer is option 4. It is compulsory to quote PAN during all the mentioned transactions: I, II, III, and IV.