Explanation:

- Raksha Bandhan (Option 4) is the correct answer. This festival is associated with the term 'ties of protection.' It celebrates the bond between brothers and sisters, where sisters tie a protective thread, known as a rakhi, around their brothers' wrists, and brothers promise to protect their sisters.

- Baisakhi (Option 1) is a harvest festival celebrated mainly in Punjab, marking the Sikh New Year and the formation of the Khalsa.

- Karwa Chauth (Option 2) is a one-day festival where married Hindu women fast from sunrise to moonrise for the safety and longevity of their husbands.

- Chhath Pooja (Option 3) is dedicated to the Sun God and Chhathi Maiya, celebrated mainly in Bihar and Uttar Pradesh, for well-being and prosperity.

Raksha Bandhan is the highlighted correct answer.