In the context of the Revolt of 1857 the term "revolt" refers primarily to:

The uprising of the civilian population (Peasants, Zamindars, Rajas, Jagirdars)

The correct answer is Option 1 - The uprising of the civilian population (Peasants, Zamindars, Rajas, Jagirdars)

In the context of the revolt of 1857 the term revolt refers primarily to the uprising of the civilian population (peasants, zamindars, rajas, jagirdars) while the mutiny was of the sepoys.

Mutiny – a collective disobedience of rules and regulations within the armed forces.
Revolt – a rebellion of people against established authority and power. The terms ‘revolt’ and ‘rebellion’ can be used synonymously.