Okay, so first question is about the name of the process. It is called translation, at least I think this is what should be included in the answer. More specifically, it is elongation phase. Translation is basically transformation of genetic information (in the form of mRNA) into the protein chain - very crucial process for living creatures because proteins build their bodies and regulate their functioning in every single aspect. Elongation consists of linking aminoacids and, as a result, creating the protein chain - ribosomes are building new peptide bonds.
Next question is about identifying the diagram. In my opinion, the correct answers are:
1. mRNA (messenger RNA) - the main instruction for the ribosomes
2. Ribosome (large subunit) catalyzing a reaction of protein synthesis
3. Amino acid waiting to be linked to the remaining three on the left
4. Peptide consisting of 3 amino acids
5. tRNA - (transporting RNA molecule) transports amino acids to the ribosomes pocket.