Concept:
Indian art, photography, and illustration history includes many influential personalities associated with specific creative disciplines. Correct identification of their professional contribution is important in visual arts studies.
Step 1: Match Raghu Rai.
Raghu Rai is one of India's most celebrated documentary photographers.
Hence:
\[
A \rightarrow II
\]
Step 2: Match Asit Kumar Haldar.
Asit Kumar Haldar was a prominent Indian painter associated with the Bengal School of Art.
Therefore:
\[
B \rightarrow IV
\]
Step 3: Match R.K. Laxman.
R.K. Laxman became internationally famous as a cartoonist known for “The Common Man”.
Thus:
\[
C \rightarrow I
\]
Step 4: Match Ranen Ayan Dutta.
Ranen Ayan Dutta is associated with illustration.
Hence:
\[
D \rightarrow III
\]
Step 5: Write the final matching.
The complete matching becomes:
\[
A-II,\quad B-IV,\quad C-I,\quad D-III
\]
Hence the correct option is:
\[
\boxed{(1)}
\]