Explanation:

- Section 320(1) of the CrPC deals with the compounding of certain offenses, allowing parties to resolve matters out of court. Specific sections of the IPC can be compounded under this.

- Option 1: 411 - This refers to dishonestly receiving stolen property, not directly related to cheating.

- Option 2: 416 - This is about cheating by personation, where someone pretends to be another.

- Option 3: 418 - This section deals with cheating with knowledge that you are bound to protect another’s interest.

- This matches the requirement of Section 320(1) CrPC regarding cheating.

- Option 4: 420 - This is for cheating and dishonestly inducing delivery of property, not specifically bound by legal duty to protect.