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This question requires the identification of the associated organization/area of work for each person listed.
I. Chanda Kochhar - B) Banking. Chanda Kochhar is an Indian businesswoman and was CEO of ICICI Bank, which is why she is associated with banking.
II. Amrita Patel - C) Dairy Development. Amrita Patel is known for her work with the National Dairy Development Board in India, which is associated with dairy development.
III. Indra Nooyi - D) PepsiCo. Indra Nooyi is an Indian-American businesswoman who was the former CEO of PepsiCo, thus she is associated with PepsiCo.
IV. Piyush Pandey - A) Advertising. Piyush Pandey is known for his work in advertising and is currently the Global Chief Creative Officer of Ogilvy and Mather, a leading advertising agency.
Hence, option 3 with I-B, II-C, III-D, IV-A is the correct answer as it correctly associates each individual with their area of work. The other options are incorrect as they either mix up the associations or attribute wrong fields to the individuals.