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The correct answer to the question is option 4, CNR Rao.
Option 1, K S Srinivasan, is not the correct answer as he has not been awarded the `2012 award for International Science Co-operation` by Chinese Academy of Sciences.
Option 2, Sreekumar Banerjee, is not the correct answer as he has not been awarded the `2012 award for International Science Co-operation` by Chinese Academy of Sciences.
Option 3, D D Bhawalkar, is not the correct answer as he has not been awarded the `2012 award for International Science Co-operation` by Chinese Academy of Sciences.
Option 4, CNR Rao, is the correct answer as he has indeed been awarded the `2012 award for International Science Co-operation` by Chinese Academy of Sciences. This award highlights the recognition of his contributions and collaborations in the field of science at an international level. CNR Rao`s work and achievements have been acknowledged by the Chinese Academy of Sciences through this prestigious award.