Step 1: Concept
Most anticancer drugs are cell-cycle specific, targeting cells at a particular stage of division.
Step 2: Meaning
Matching the drug to its phase of action helps in understanding the mechanism of cell death.
Step 3: Analysis
Etoposide (A) is specific to the $G_1$ (and $S$) phase. Hydroxyurea (B) inhibits DNA synthesis in the $S$ phase. Topotecan (C) typically acts at the $G_2$ phase. Paclitaxel (D) is a microtubule stabilizer that acts during Mitosis ($M$ phase).
Step 4: Conclusion
The correct matches are A-I, B-II, C-IV, D-III.
Final Answer: (B)