The given question is asking us to match the industrial policy with their respective salient features. Let`s analyze each option and match it with the given policies:

Option 1: A-4, B-1, C-2, D-3 - According to this option, the industrial policy 1948 is matched with salient feature 4, the industrial policy 1956 is matched with salient feature 1, the industrial policy 1980 is matched with salient feature 2, and the industrial policy 1991 is matched with salient feature 3.

Option 2: A-4, B-2, C-1, D-3

Option 3: A-3, B-1, C-2, D-4

Option 4: A-3, B-2, C-1, D-4

After analyzing all the options, we find that option 1 is correct. The industrial policy 1948 began the process of state-centric economy which matches with salient feature 4. The industrial policy 1956 reaffirmed faith in mixed economy which matches with salient feature 1. The industrial policy 1980 initiated public-private partnership which matches with salient feature 2. And finally