The correct match of List I with List II is option- 2: I-A, II-D, III-B, IV-C. Here`s the explanation of each match:

I-A: Land allotted to big feudal landlords is the Jagirdari System. In this system, the emperors or kings granted land to nobles and officials, who were termed as `Jagirdars`.

II-D: Land allotted to revenue farmers or rent collectors refers to the Zamindari System. The British adopted this system to collect revenues where `Zamindars` were recognized as landlords. The Zamindars would then collect and pay the land revenue to the British government.

III-B: Land allotted to each peasant with the right to sublet, mortgage, transfer, gift or sell describes the Ryotwari System. In this system, the cultivators or ryots held the right to the land they cultivated, thus had the freedom to manage it as they wished.

IV-C: Revenue settlements made at the village level refers to the Mahalwari System. In this system, a group of villages formed a `Mahal`, and the whole revenue of this community was assessed, fixed and collected.