Step 1: Analyzing and Matching Each Labour Act with its Enactment Year:
(A) Minimum Wage Act: This Act provides for fixing minimum rates of wages in certain employments. It was enacted in 1948. This matches with (II).
(B) Payment of Gratuity Act: This Act provides for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments. It was enacted in 1972. This matches with (I).
(C) Industrial Dispute Act: This is a key legislation for the investigation and settlement of industrial disputes. It was enacted in 1947. This matches with (IV).
(D) Payment of Wages Act: This Act regulates the payment of wages to certain classes of employed persons. It was enacted in 1936, during the British era. This matches with (III).
Step 2: Forming the Correct Combination:
The correct pairings are: A $\rightarrow$ II, B $\rightarrow$ I, C $\rightarrow$ IV, D $\rightarrow$ III.
Step 3: Final Answer:
Looking at the options, option (B) matches our derived sequence.