Step 1: Identify the sensor.
The IRS LISS-III is an Indian Remote Sensing multispectral sensor, so it is described by both its ground resolution and how many spectral bands it has.
Step 2: Recall its spatial resolution.
The LISS-III has a ground cell size of about 23.5 m, which is commonly written as 23.00 m by 23.00 m.
Step 3: Recall its number of bands.
Being multispectral, it records in 4 bands, namely green, red, near infrared and short wave infrared.
Step 4: Compare with the options.
The 5.80 m options describe the LISS-IV / panchromatic type sensors, not LISS-III, so they are ruled out.
Step 5: Pick the matching pair.
The pair 23.00 m by 23.00 m with 4 bands matches LISS-III.
Step 6: State the answer.
The resolution and bands are 23.00 m by 23.00 m and 4.
\[ \boxed{23.00 \text{ m} \times 23.00 \text{ m and } 4} \]