(P) Aromatic hydrocarbons: These are known to have carcinogenic effects and are linked with cancer. Hence, (P) is matched with (IV) Carcinogenic effect.
(Q) Carbon monoxide: This is a colorless, odorless gas that reduces the capability of the blood to carry oxygen, leading to suffocation. Hence, (Q) is matched with (I) Reduce the capability of the blood to carry oxygen.
(R) Sulfur oxides: These are irritants and are associated with respiratory diseases like bronchitis and emphysema. Hence, (R) is matched with (II) Bronchitis and pulmonary emphysema.
(S) Ozone: Ozone is known to cause damage to chromosomes, leading to mutations. Hence, (S) is matched with (III) Damage of chromosomes.
\[
\boxed{\text{Correct Match: (P) -- (IV), (Q) -- (I), (R) -- (II), (S) -- (III)}}
\]