The correct option is B IV<I<II<III
Dipole moment of p− dichlorobenzene is zero because of symmetrical structure. o− and m− dichlorobenzene have higher dipole moments than toluene due to high electronegativity of chlorine than −CH3 group. Further, the o−dichlorobenzene has higher dipole moment due to lower bond angle than the m−isomer. Hence, the order of increasing dipole moment is :
IV<I<II<III