Concept:
Indian printmaking artists are often associated with particular experimental media and printmaking techniques. Understanding these associations is important in the study of graphic arts and print history.
Step 1: Match Chitta Prasad.
Chitta Prasad was closely associated with:
\[
\boxed{\text{Lino-cut}}
\]
Therefore:
\[
A \rightarrow III
\]
Step 2: Match Devyani Krishna.
Devyani Krishna is known for experimentation in:
\[
\boxed{\text{Colour etching}}
\]
Thus:
\[
B \rightarrow IV
\]
Step 3: Match Jayant Parikh.
Jayant Parikh is associated with:
\[
\boxed{\text{Metal Foil}}
\]
Hence:
\[
C \rightarrow I
\]
Step 4: Match Shanti Kar.
Shanti Kar worked significantly with:
\[
\boxed{\text{Wood Intaglio}}
\]
Therefore:
\[
D \rightarrow II
\]
Thus the final matching becomes:
\[
A-III,\quad B-IV,\quad C-I,\quad D-II
\]
Hence the correct option is:
\[
\boxed{(2)}
\]