Step 1: Understand viscosity. Viscosity is a measure of a fluid's resistance to flow. A higher value means the fluid is "thicker".
Step 2: Rank the substances in LIST-I by their expected viscosity, from lowest to highest.
Air (a gas) will have the lowest viscosity.
Water is a common reference fluid, much more viscous than air.
Olive Oil is noticeably more viscous than water.
Liquid Honey is extremely viscous and flows very slowly.
The correct order of increasing viscosity is Air \textless Water \textless Olive Oil \textless Liquid Honey.
Step 3: Rank the viscosity values in LIST-II from lowest to highest.
$10^{-5}$ \textless $10^{-3}$ \textless $10^{-1}$ \textless $10^{1}$.
Step 4: Match the ranked lists.
A. Air \textrightarrow I. $10^{-5}$ Pa.s
B. Water \textrightarrow II. $10^{-3}$ Pa.s (The viscosity of water is approximately 1 mPa.s or 0.001 Pa.s)
C. Olive Oil \textrightarrow III. $10^{-1}$ Pa.s
D. Liquid Honey \textrightarrow IV. $10^{1}$ Pa.s
The correct set of matches is A-I, B-II, C-III, D-IV.