The correct answer is option 4 - overseas citizens of India (as per Overseas Citizenship of India Scheme as operational from December 2005) shall not be entitled to voting rights in India.
Let`s dissect each option to understand why option 4 is correct while the others are incorrect:
Option 1: Multiple entry, multipurpose lifelong visa to India - According to the Overseas Citizenship of India Scheme, overseas citizens of India are entitled to a multiple entry, multipurpose lifelong visa to India. Therefore, this option is incorrect.
Option 2: Exemption from reporting to police authorities for any length of stay in India - Overseas citizens of India are not exempt from reporting to police authorities during their stay in India. Therefore, this option is incorrect.
Option 3: Parity with NRI’s in financial, economic, and educational fields except in the question of agricultural or plantation properties - Overseas citizens of India have parity with non-resident Indians (NRI`s) in financial, economic, and educational fields except when it comes to agricultural or plantation properties. Therefore, this option is incorrect.
Option 4: Voting rights in India - Overseas citizens of India do not have voting rights in India. This is the correct answer as stated in the question.