The question asks whether the given pairs are correctly matched or not. Let`s analyze each option:

Option 1: The pair mentioned in option 1 is "Ilbert Bill - Lord Hastings". According to history, the Ilbert Bill was introduced during the time of Lord Ripon, not Lord Hastings. So, option 1 is incorrect.

Option 2: The pair mentioned in option 2 is "August Offer - Lord Ripon". According to history, the August Offer was introduced during the time of Lord Chelmsford, not Lord Ripon. So, option 2 is also incorrect.

Option 3: Since neither option 1 nor option 2 is correctly matched, option 3, which states that both pairs are correctly matched, is incorrect.

Option 4: This is the correct option. It states that neither pair is correctly matched. This is because the pairs mentioned in both options 1 and 2 are incorrect.

In conclusion, the correct answer is option 4.