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The correct answer is option 2.
Option 1: This is incorrect since Kakinanda is not known for the ITC paper board but rather for the Bio-diesal plant. Dundigal Unit is not known for the Skybus Metro rail Test-run, but instead it is known for the Indian Air Force Academy. Margao doesn`t have Indian Air Force Academy and Bhadrachalam is not known for Bio-diesal plant.
Option 2: This is the correct answer. Kakinanda is known for Bio-diesal plant (3), Dundigal Unit is known for Indian Air Force Academy(4), Margao is in news for Skybus Metro rail Test-run(1), and Bhadrachalam is known for ITC paper board(2).
Option 3: This is incorrect as Margao isn`t known for Skybus Metro rail Test-run rather it`s famous for Indian Air Force Academy. Also, Bhadrachalam isn`t famous for Bio-diesal plant.
Option 4: This option is incorrect as Kakinanda is not known for the Bio-diesal plant and Dundigal Unit isn`t known for Skybus Metro rail Test-run. Likewise, Margao and Bhadrachalam associations are incorrect.