Correct Answer - Option 1 : Calf
The logic is -
1) Calf → Young one of a cow is called a calf.
2) Nest → Home of birds is called nest.
3) Shed → Home of cows is called cow shed.
4) Hive → Home of bees is called bee hive.
So, all options except ‘calf’ represents name of home of different animals, while ‘calf’ is the name of the young one of an animal.
Hence, ‘Calf’ is the odd one out.