Given that, the total number of students registered in the university is $5000$, and the total number of the registered girls is $1500$.
- Number of boys enrolled in Arts $ = (5000 \times 20\%) – (1500 \times 30\%) = 1000 – 450 = 550.$
- Number of girls enrolled in Management $ = 1500 \times 15\% = 225.$
Now, the required ratio $ = 550:225 = 110:45 = 22:9.$
So, the correct answer is $(D).$