Step 1: Recall each phenomenon.
 
 - Dynamic strain aging (DSA): Occurs due to interaction of dislocations with diffusing solute atoms. It produces \emph{serrations in the stress–strain curve} (P → 4). 
 
 - Recrystallization: Involves nucleation and growth of new grains, leading to a \emph{decrease in dislocation density} (Q → 3). 
 
 - Bauschinger effect: Phenomenon where material shows a \emph{decrease in yield stress upon reversal of loading direction} (R → 2). 
 
 - Superplasticity: Occurs at high temperature with fine grains, dominated by \emph{grain boundary sliding} (S → 1). 
 
 
  
 Step 2: Match with Column II.
 
 - P → 4 
 
 - Q → 3 
 
 - R → 2 
 
 - S → 1 
 
 
  
 Step 3: Verify with options.
 
 Option (B) gives P–4, Q–3, R–2, S–1, which is correct. 
 
 \[
 \boxed{\text{Correct Answer = (B)}}
 \]