In urban centres, who represented the merchant communities during the medieval period?

Nagarsheth

The correct answer is Option (3) → Nagarsheth

"Merchants often had strong community or kin ties, and were organised into their own caste-cum occupational bodies. In western India these groups were called mahajans, and their chief, the sheth. In urban centres such as Ahmedabad the mahajans were collectively represented by the chief of the merchant community who was called the nagarsheth.".