To correctly match List-I with List-II, let us consider the primary functions or associations of each hormone:

Epinephrine: Also known as adrenaline, epinephrine is commonly released during stress or emergencies, causing increased heart rate, blood flow to muscles, and hyperglycemia (raised blood glucose levels). Hence, it is often referred to as the "emergency hormone". Therefore, Epinephrine matches with "Emergency hormone".

Thyroxine: This is a hormone produced by the thyroid gland and is primarily responsible for regulating the basal metabolic rate (BMR). Therefore, Thyroxine matches with "Basal metabolic rate".

Oxytocin: A hormone best known for its role in childbirth and lactation, it leads to smooth muscle contraction, particularly in the uterus during labor. Therefore, Oxytocin matches with "Smooth muscle contraction".

Glucagon: This hormone plays an essential role in glucose metabolism, particularly in raising blood glucose levels, leading to hyperglycemia. Therefore, Glucagon matches with "Hyperglycemia".

So, the correct matching is:

(A) Epinephrine - (IV) Emergency hormone

(B) Thyroxine - (III) Basal metabolic rate

(C) Oxytocin - (II) Smooth muscle contraction

(D) Glucagon - (I) Hyperglycemia

The correct answer is:

Option C

A-IV, B-III, C-II, D-I