(A) - (IV) "turned off": People got turned off (disgusted/disappointed) by both candidates during the election campaign - fits the negative context of disappointing political campaigns.
(B) - (III) "wrap up": He was asked to wrap up (complete/finish) the project before the deadline - commonly used for finishing projects or tasks.
(C) - (I) "make good for": You will have to make good for (compensate for/make up for) this loss - appropriate for dealing with losses or damages.
(D) - (II) "stand by": I shall stand by (support loyally) you through thick and thin - perfectly matches the idiom expressing unwavering support.
Hence, Option 2: (A) - (IV), (B) - (III), (C) - (I), (D) - (II) -> Each phrasal verb correctly matches the context and grammatical structure of its corresponding sentence, creating meaningful and idiomatic expressions -> correct