Step 1: Understanding the Concept:
This question requires knowledge of the practical applications of alkali metals and their compounds.
Step 2: Detailed Explanation:
1. (a) Lithium (Li): Due to its very low reduction potential and light weight, it is extensively used in high-energy density **electrochemical cells** (batteries). $\rightarrow$ (ii)
2. (b) Sodium (Na): Liquid sodium has high thermal conductivity and is used as a **coolant in fast breeder nuclear reactors**. $\rightarrow$ (iii)
3. (c) Potassium Hydroxide (KOH): It reacts with $CO_2$ to form $K_2CO_3$, making it an excellent **absorbent for carbon dioxide**. $\rightarrow$ (i)
4. (d) Cesium (Cs): It has a very low ionization enthalpy, allowing it to emit electrons easily when exposed to light. Hence, it is used in **photoelectric cells**. $\rightarrow$ (iv)
Step 3: Final Answer:
The correct matching is (a)-(ii), (b)-(iii), (c)-(i), (d)-(iv).