The correct answer for this question is option 2, which states that the Permanent Settlement of 1793 vested land ownership rights in the Zamindars (option 2) and the Zamindars had to pay a fixed amount of rent by a particular date (option 3).

Option 1, which states that the Permanent Settlement vested land ownership rights in the peasants, is incorrect. The Permanent Settlement actually transferred the ownership of the land from the Mughal emperors to the Zamindars, who became the new owners of the land.

Option 4, which states that the Zamindars benefited hugely from the Permanent Settlement while the peasants suffered, is not mentioned in the question and is therefore not a correct answer.

It is important to note that the Permanent Settlement of 1793 was implemented by the British East India Company and intended to stabilize revenue collection by fixing the land revenue demand. However, the Permanent Settlement ended up benefiting the Zamindars and created significant hardships for the peasants who were subjected to exploitative practices by the Zamindars.