The terms `Motorana` and `hathiana` refer to the rent paid by the peasants for using the motorcar or the elephant of the zamindar.

Option 1 suggests that the terms refer to markets where peasants brought their produce. However, this is not accurate as the terms specifically relate to the rental payments made by peasants.

Option 2 proposes that `Motorana` and `hathiana` are taxes levied by zamindars on their peasants. This is incorrect as the terms are related to rent payments, not taxes.

Option 3 correctly states that the terms refer to rent paid by peasants for using the motorcar or elephant belonging to the zamindar. This is the correct answer.

Option 4 suggests that `Motorana` and `hathiana` are nicknames for zamindars who possess a motorcar or an elephant. This is not accurate as the terms refer to payments made by peasants, not the zamindars themselves.

In conclusion, option 3 is the correct answer as it correctly states that the terms `Motorana` and `hathiana` refer to the rent paid by peasants for the use of the motorcar or the elephant of the zamindar.