Concept:
Different parts of nephron perform specialized functions in urine formation.
Urine formation involves:
\[
\text{Ultrafiltration} \rightarrow \text{Reabsorption} \rightarrow \text{Secretion}
\]
Knowledge of nephron physiology is essential for solving matching questions.
Step 1: Identify the function of Bowman's capsule.
Bowman's capsule surrounds the glomerulus.
Blood pressure inside glomerular capillaries forces plasma into Bowman's capsule.
This process is called:
\[
\boxed{\text{Ultrafiltration}}
\]
Therefore,
\[
A \rightarrow III
\]
Step 2: Identify the function of ascending limb of Loop of Henle.
Ascending limb actively transports salts.
However, it does not allow water movement.
Hence it is:
\[
\boxed{\text{Impermeable to water}}
\]
Therefore,
\[
B \rightarrow IV
\]
Step 3: Identify the function of PCT.
Nearly 65--70% water is reabsorbed in PCT.
This occurs automatically and continuously.
Hence it is:
\[
\boxed{\text{Obligatory water reabsorption}}
\]
Therefore,
\[
C \rightarrow I
\]
Step 4: Identify the function of DCT.
Water reabsorption in DCT depends upon ADH.
Therefore it is:
\[
\boxed{\text{Facultative water reabsorption}}
\]
Hence,
\[
D \rightarrow II
\]
Step 5: Construct the final matching.
\[
A-III,\quad B-IV,\quad C-I,\quad D-II
\]
\[
\boxed{\text{Option (B)}}
\]