Concept:
The Lac Operon consists of regulator gene, promoter, operator and structural genes which together regulate lactose metabolism in bacteria.
Step 1: Operator Site.
Operator is the binding site for:
\[
\boxed{\text{Repressor molecule}}
\]
Hence:
\[
A \rightarrow II
\]
Step 2: Promoter Site.
RNA polymerase binds to promoter.
\[
B \rightarrow I
\]
Step 3: Regulator Gene.
Produces repressor protein.
\[
C \rightarrow IV
\]
Step 4: Structural Genes.
Code for enzymes required for lactose metabolism.
\[
D \rightarrow III
\]
Final matching:
\[
\boxed{A-II,\;B-I,\;C-IV,\;D-III}
\]
Hence option (B).