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The Maratha Peshwa who restored Shah Alam II his throne was_____.
A. Baji Rao I
B. Balaji Rao
C. Madhava Rao I
D. Narayan Rao

Answer
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Hint: In the Delhi Battle of 1771 the troops of Mahadji Shinde, Maratha Statesman captured Delhi and restored Shah Alam to his throne. The battle was fought against Najib Khan, the ruler of Afghan. With this battle, Marathas regained their lost supremacy in North India which they had lost after the Third battle of Panipat.

Complete answer: The Maratha Peshwa Madhavrao I after the terrible defeat at Panipat revived his control and supremacy in India again. He defeated Tipu Sultan and Hyder Ali in Deccan and sent his generals, Scindia and Holkar to the north to regain power. Thus after this battle, they regained power in many areas and installed Shah Alam II to his throne as their puppet.
-Baji Rao I was one of the greatest Maratha rulers in India. Bajirao I in his reign has won a total forty-one battles and never lost any. He also led campaigns against the Nizams of Hyderabad and defeated his army. He was the greatest cavalry general of India. It was the campaigns of Bajirao that reduced Mughals to Delhi and surrounding areas only.
-Balaji Rao took the Maratha empire to its zenith. He conquered Rajputana, Odisha, Bengal. Under his rule, Marathas became the masters of Delhi and captured the surrounding areas such as Peshawar and Lahore.
-After the death of Madhavrao I the throne was succeeded by Narayana Rao, son of Balaji Baji Rao. He was seventeen years old when he became the ruler.
Therefore the correct answer would be option-C.

Note: After the death of Madhavrao I, Scindia and Holkers became the de-facto rulers of the Maratha empire. After the Battle of Delhi in 1771 they captured Delhi and made Shah Alam II his puppet.