You can do it using Field Collection module
Once enabled, go to your content type and add a new field of Type: Field CollectionType: Field Collection
and set to 4 values.
Then go to /admin/structure/field-collections
and click on manage fields and add your select list field here and set value to 1.
Result:
If you don't want to allow users to set the same value, then you will need to use jQuery to hide value "X" in the 2nd drop down if the 1st drop down is set to value "X"