Who among the following took the title of ‘Ghazi’ after defeating Rana Sanga in the Battle of Khanwa in 1527?

Babur

The correct answer is Option 1- Babur.

Babur was the founder of the Mughal Empire in India. He defeated Rana Sanga of Mewar in the Battle of Khanwa in 1527, which established Mughal rule in North India. After the battle, Babur took the title of Ghazi, which means "warrior of the faith".

The other options are incorrect. Daulat Khan Lodhi was a governor of Punjab who supported Babur in the Battle of Khanwa. Humayun was Babur's son and successor. Mahmud Shah I was the Sultan of Gujarat, who was defeated by Babur in 1526.