The correct answer is option 2, Suva. The first summit of the Forum for India-Pacific Islands Cooperation (FIPIC) was held in Suva. FIPIC is an initiative by the Indian government to enhance cooperation between India and the Pacific Island countries. It aims to promote mutual cooperation in areas such as climate change, renewable energy, sustainable development, and maritime cooperation.

Option 1, Jaipur, is incorrect. While Jaipur is a city in India, it was not the location of the first FIPIC summit.

Option 3, New Delhi, is also incorrect. Although New Delhi is the capital city of India and is a major hub for international summits, it was not the venue for the first FIPIC summit.

Option 4, Port Moresby, is incorrect. Port Moresby is the capital city of Papua New Guinea and is not associated with the first FIPIC summit.

Therefore, the correct answer is option 2, Suva.