odabir

1. selection; choice
   Odabir kandidata trajaće do kraja meseca. — The selection of candidates will last until the end of the month.
   Pažljiv odabir namirnica je važan za zdravlje. — Careful choice of food is important for your health.
2. selection; choice
   Na festivalu je prikazan odabir najboljih kratkih filmova. — The festival showed a selection of the best short films.

In everyday Serbian "izbor" is far more common; "odabir" sounds more formal.