Considered Volterra equation can be written as an equation for convolution
$$f(y)*\dfrac1{\sqrt y} = 4\sqrt y,$$
or
$$\mathcal L\left\{f(y\right)\}(s)\mathcal L\left\{y^{-1/2}\right\}(s)=4\mathcal L\left\{y^{1/2}\right\}(s),$$
where $\mathcal L(s)$ is Laplace transform.
Using the formula
$$\mathcal L\{t^a\}(s) = \dfrac{\Gamma(a+1)}{s^{a+1}}\text{ for }a=-\dfrac12\text{ and }a=\dfrac12$$
and taking in attention that $$\Gamma\left(\dfrac12\right)=\sqrt\pi,\quad \Gamma\left(\dfrac32\right)=\dfrac{\sqrt\pi}2,$$
we have
$$\mathcal L\left\{y^{-1/2}\right\}(s)=\sqrt{\pi}s^{-1/2},$$
$$\mathcal L\left\{y^{1/2}\right\}(s)=\dfrac{\sqrt{\pi}}2s^{-3/2}.$$
Therefore,
$$\mathcal L\left\{f(y\right)\}(s)=\dfrac2s,$$
$$f(y)=2.$$
So
$$\sqrt{1+\dfrac1{y'^2}}=2,$$
$$y'(x)=\pm\dfrac1{\sqrt3},$$
$$y(x)=\pm\dfrac1{\sqrt3}x,$$
and taking in attention the point $(\sqrt3,1),$
$$y(x)=\dfrac1{\sqrt3}x.$$
So the right answer is $1$ - "straight line".