The advisory powers of the Supreme Court of India imply that

The correct choice is: “It renders advice to the President on question of law or fact which is of public importance”

Under Article 143, if it appears to the President that a question of law or fact has arisen, or is likely to arise, which is of such a nature and public importance that it is expedient to obtain the Supreme Court's opinion, the President may refer it to the Court. The Court may report its opinion. Only the President can make such a reference.

The Court does not advise “the Government of India on all constitutional matters” or “the Prime Minister on legal matters”; the Attorney General is the government's legal adviser. So the option naming the Government of India, the Prime Minister and the President together is also wrong.