Step 1: What decides the size of the splitting.
Two things set $\Delta_o$ in an octahedral complex: how strong the ligand is, and how highly charged the central metal ion is. In the spectrochemical series water is a weaker ligand than cyanide.
Step 2: Look at the pair with identical ligands.
Complexes I and II are both hexaaqua cobalt complexes, so the ligand is not a factor. Only the oxidation state differs, +2 in I and +3 in II.
A +3 ion attracts the water molecules more strongly and the metal-ligand distance is shorter. This raises the splitting.
Step 3: Conclude.
So $\Delta_o(\text{I}) < \Delta_o(\text{II})$. This matches option (A).
Step 4: Why (C) and (D) fail.
In (D) the order of I and II is flipped, which goes against the charge effect. In (C), complex IV has the cyanide ligand, which gives a splitting far above that of any aqua complex, so IV cannot be smaller than II.
Final Answer:
Option (A) is correct.
\[ \boxed{\text{A}} \]