Step 1: Understanding the Concept
The menstrual cycle has menstrual, follicular, ovulatory and luteal phases.
Step 2: Match the pairs
A. Menstruation follows the fall in oestrogen and progesterone (III).
B. In the follicular phase the Graafian follicle develops (IV).
C. Ovulation is the rupture of the mature Graafian follicle (I).
D. In the luteal phase the corpus luteum forms and progesterone rises (II).
Step 3: Select the option
The combination is A-III, B-IV, C-I, D-II.
Final Answer:
The correct matching is A-III, B-IV, C-I, D-II.
\[ \boxed{\text{(C) }\text{A-III, B-IV, C-I, D-II}} \]