Option 1 -> Incorrectly matches Turn Down with Tolerate and Put Up With with Reject, which are reversed.
Option 2 -> Incorrectly matches Turn Down with Exhausted and Pass Out with Tolerate, which don't align with actual meanings.
Option 3 -> Correctly matches all phrasal verbs: Turn Down (Reject), Put Up With (Tolerate), Burn out (Exhausted), Pass Out (Become Unconscious).
Option 4 -> Incorrectly matches Turn Down with Become Unconscious and other wrong pairings.
Hence, Option 3: (A) - (II), (B) - (I), (C) - (IV), (D) - (III) -> Turn Down means to reject an offer or request, Put Up With means to tolerate something unpleasant, Burn out refers to becoming physically or emotionally exhausted, and Pass Out means to lose consciousness or faint -> correct