Step 1: Understand the TTT diagram.
- The TTT diagram of eutectoid steel shows transformations of austenite under different cooling paths.
- Key phases: Pearlite (high-temp transformation), Bainite (intermediate), and Martensite (fast quench).
Step 2: Analyze path P.
- Path P involves slow cooling above the “nose” of the TTT curve.
- This gives **100% pearlite**.
\[
P = 2 (\text{Pearlite only})
\]
Step 3: Analyze path Q.
- Path Q involves quenching directly below $M_s$ (martensite start).
- Here, austenite transforms mostly to **martensite**.
- But since cooling rate is not infinite, a small amount of pearlite also forms.
\[
Q = 4 (\text{Pearlite + Martensite})
\]
Step 4: Analyze path R.
- Path R cools into the bainite region (intermediate temperatures).
- Transformation results in **bainite only**.
\[
R = 1 (\text{Bainite only})
\]
Step 5: Final Matching.
\[
P-2,\; Q-4,\; R-1
\]
Final Answer:
\[
\boxed{\text{(C) P-2, Q-4, R-1}}
\]