The most species-rich taxonomic groups in the Plant Kingdom and Animal Kingdom are respectively

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gymnosperms and insects

angiosperms and fishes

angiosperms and insects

gymnosperms and fishes

answer is B.

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Detailed Solution

Angiosperms by far are the most diverse and widespread group of plants on the Earth. They are found in almost every terrestrial and aquatic environment on Earth. The number of angiosperm species is estimated to be around 300,000 species. This accounts for more than 90% of all known plant species.
Among animals, insects are the most species-rich taxonomic group, making up more than 70 per cent of the total.

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