JSFiddle - React, Tailwind, and code Playground

HTML

<select id="bu_id">
  <option value="1">India</option>
  <option value="2">US</option>
  <option value="3">UK</option>
</select>

<select id="role_id">
   <option value="1">One</option>
   <option value="2">Two</option>
   <option value="3">Three</option>
   <option value="4">Four</option> 
</select>

JavaScript

if($('#bu_id option:selected').text() == 'India'){
    $('#role_id option:contains("Two")').text('Two dollar');
    $('#role_id option:contains("Four")').text('Four dollar');
}