Step 1: Understanding the complexes.
In these complexes, pyridine substitutes chloride ions. The rate of substitution is influenced by the electron-donating ability of the ligands and the steric hindrance around the metal center.
Step 2: Analyzing the trend.
Complex (IV) has the least steric hindrance and the highest electron-donating ability, making it the fastest in substitution. Complex (I) has more steric hindrance and lower electron donation, making it the slowest in substitution.
Step 3: Conclusion.
The correct trend in the rate of substitution is \( I<II<IV \), corresponding to option (D).