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Alert - correct answer should be option 3 Satyajit Ray (Posthumous).
Explanation: The Bharat Ratna is the highest civilian award of the Republic of India and in the year 1997, Satyajit Ray, a renowned Indian filmmaker was awarded posthumously.
Option-1, Dr. Homi Bhabha, a nuclear physicist was awarded the Padma Bhushan but he didn`t receive the Bharat Ratna.
In case of option-2, R. Venkataraman was a former president and a respected politician, but he was not a recipient of the Bharat Ratna.
Option-4, Dr. Abdul Kalam, although a Bharat Ratna recipient, received the honour in 1997, he was given the award in a different year (1997 was the year he got the award). It`s worth remembering that while all the individuals in the options have made significant contributions, the timing of their awards might differ.