The correct answer is option 4: Dhaka. The South Asian Association for Regional Cooperation (SAARC) was founded in Dhaka, the capital city of Bangladesh, on December 8, 1985. SAARC is an organization composed of eight member countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
To better understand why option 4 is correct, let`s analyze the other options:
Option 1: Colombo. While Colombo is the capital city of Sri Lanka, it is not the founding place of SAARC.
Option 2: Islamabad. Islamabad is the capital city of Pakistan, one of the member countries of SAARC. However, SAARC was not founded in Islamabad.
Option 3: Kathmandu. Kathmandu is the capital city of Nepal, another member country of SAARC. However, SAARC was not founded in Kathmandu.
Therefore, the correct answer is option 4: Dhaka. SAARC was founded in Dhaka, Bangladesh, and has its secretariat located in Kathmandu, Nepal.