This question is asking for the correct matching between the concepts (List I) and their corresponding explanations or aims (List II).

Option 1: A-1, B-4, C-3, D-2

Option 2: A-4, B-2, C-3, D-1

Option 3: A-1, B-2, C-3, D-4

Option 4: A-1, B-3, C-2, D-4 (Correct Answer)

Looking at the correct answer, we can see that A (Pluralist) is matched with 1 (Power is always democracy exercised by a privileged few), B (People`s) is matched with 3 (Highest and harmonious development of individual), C (Developmental capacities) is matched with 2 (Social equality through common ownership of wealth), and D (Elitist) is matched with 4 (Capacity of groups to ensure governmental responsiveness).

This means that according to the correct matching, Pluralist concept believes that power is always exercised by a privileged few, People`s concept aims for the highest and harmonious development of the individual, Developmental capacities concept aims for social equality through common ownership of wealth and Elit