Step 1: Understanding the Question:
We need to name the footballer FIFA honoured as its World Player of the Year for 2001.
Step 2: Key Approach:
The FIFA World Player of the Year award goes to the footballer voted the best in the world that season, so we recall the winner for the specific year asked, 2001.
Step 3: Detailed Explanation:
Luis Figo, the Portuguese winger who moved from Barcelona to Real Madrid in a then record transfer, won the FIFA World Player of the Year award for 2001.
Rivaldo had won the award earlier, in 1999, for his form with Barcelona and Brazil, not in 2001.
Zinedine Zidane won the award in 1998 and again in 2000, but the 2001 award went to Figo, not Zidane.
Since Figo is listed and is the correct winner, option (4), none of them, is wrong.
Step 4: Final Answer:
Luis Figo was named the 2001 FIFA World Player of the Year.