Concept:
Basic genetic terminology helps in understanding inheritance and gene organization.
Step 1: Gene (A)
• A gene is the fundamental unit of heredity.
• It carries information for specific traits.
Thus, A $\rightarrow$ III.
Step 2: Allele (B)
• Alleles are alternative forms of a gene.
• Example: tall and dwarf alleles.
Thus, B $\rightarrow$ II.
Step 3: Locus (C)
• Refers to the specific position of a gene on a chromosome.
Thus, C $\rightarrow$ I.
Step 4: Chromosome (D)
• Chromosomes exist in haploid or diploid conditions.
• Carry multiple genes.
Thus, D $\rightarrow$ IV.
Final Matching:
\[
A-III,\; B-II,\; C-I,\; D-IV
\]
\[
\boxed{\text{Option (B)}}
\]