The correct answer is Option 2- Kumari Kamala

The famous Kathak dancer who was called to perform for Queen Elizabeth II coronation festivities in 1953 and was awarded with Padma Bhushan in 1970 is Kumari Kamala.

Kumari Kamala, also known as Kamala Lakshman, is a renowned Indian dancer and actress. She began her career as a child dancer and went on to appear in almost 100 Tamil, Hindi, Telugu, and Kannada films. She is also a highly accomplished Kathak dancer and has performed all over the world.

In 1953, Kamala was invited to perform for Queen Elizabeth II during her coronation festivities. This was a great honor for Kamala and for Indian culture as a whole. Her performance was a huge success and she was praised by the Queen for her talent and grace.

In 1970, Kamala was awarded the Padma Bhushan, India's third highest civilian award. This was a fitting recognition for her contributions to Indian dance and cinema.

Kamala is a living legend and is considered one of the greatest Kathak dancers of all time. She has inspired generations of dancers and has helped to promote Indian culture all over the world.