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The correct answer is option 1, K Viswanath.
Let`s analyze the other options to have a better understanding:
Option 2, Shashi Kapoor: Although Shashi Kapoor was a renowned actor in the Indian film industry, he did not win the Dadasaheb Phalke award for the year 2016.
Option 3, Gulzar: Gulzar is a well-known film director, lyricist, and poet in the Indian film industry. While he has been honored with numerous awards throughout his career, he did not receive the Dadasaheb Phalke award in 2016.
Option 4, Manoj Kumar: Manoj Kumar is a veteran Bollywood actor and director, known for his patriotic roles and films. However, he was not the recipient of the Dadasaheb Phalke award in 2016.
In conclusion, the correct answer is indeed option 1, K Viswanath, for the Dadasaheb Phalke award in 2016.