In this question, we are given a list of places (List I) and their famous products (List II). We need to match the correct pair and choose the option that has the correct matching.

Let`s analyze each option:

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

- According to this option, Balaghat is famous for oil field, Katni for iron ore, Singarauli for manganese, and Kalol for bauxite.

- This option does not match the correct pairings given in the question.

Option 2: A-3, B-4, C-5, D-1 (Correct Answer)

- According to this option, Balaghat is famous for manganese, Katni for bauxite, Singarauli for coal, and Kalol for oil field.

- This option matches the correct pairings given in the question.

Option 3: A-3, B-5, C-4, D-1

- According to this option, Balaghat is famous for manganese, Katni for coal, Singarauli for manganese, and Kalol for oil field.

- This option does not match the correct pairings given in the question.