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The correct answer is option 2, which suggests that the magazine on politics is edited by Gurbaksh. Let`s explain why the other options are incorrect.
Option 1: The magazine on politics cannot be edited by Ila because we know from point (iv) that Ila is the editor of the science magazine.
Option 3: The magazine on politics is not published by Dev Publishers. Given in point (i), Dev Publishers have published the magazine edited by Feroz. As we already know that Ila edits the science magazine and assuming no editor edits more than one magazine, the politics magazine isn`t published by Dev Publishers.
Option 4: The magazine on politics cannot be published by Charan Publishers as no specific information linking Charan Publishers to the politics magazine was provided in this question.
Therefore, the only remaining choice for the editor of the politics magazine is Gurbaksh, making option 2 the correct answer.