In this question, we are given a list of folk dances and their corresponding states. We need to match the folk dance with the correct state.

Let`s examine each option:

Option 1: A-4, B-1, C-3, D-2

According to this option, Bhavai is matched with Mizoram, Thabal Chongba with Asom, Cheraw with Manipur, and Bhortal Nritya with Rajasthan. This option does not match the correct folk dances with their respective states.

Option 2: A-2, B-1, C-3, D-4

According to this option, Bhavai is matched with Asom, Thabal Chongba with Mizoram, Cheraw with Manipur, and Bhortal Nritya with Rajasthan. This option does not match the correct folk dances with their respective states.

Option 3: A-4, B-3, C-1, D-2

According to this option, Bhavai is matched with Rajasthan, Thabal Chongba with Manipur, Cheraw with Mizoram, and Bhortal Nritya with Asom. This option correctly matches the folk dances with their respective states.

Option 4: