The correct answer is option 2: The Battle of Khanwa. The Battle of Khanwa, fought in 1527, was a significant clash between Babar, the founder of the Mughal Empire, and the Rajputs. Babar, who had recently established his rule in northern India, sought to consolidate his power and expand his empire. The Rajputs, a group of Hindu warriors, posed a challenge to his authority.

The Battle of Khanwa took place near present-day Khanwa in Uttar Pradesh, India. It was a decisive victory for Babar and his Mughal forces. The Rajputs, led by Rana Sanga of Mewar, fought valiantly but were ultimately defeated. This battle cemented Babar`s position in northern India and weakened the power of the Rajputs.

It is important to note that the other options listed are not correct for this particular question. The First Battle of Panipat (option 1) was fought in 1526 and marked the beginning of Mughal rule in India. The Battle of Ghagra (option 3) was fought in 1529 between Babar and the Afghans, not the Rajputs. The Battle of Chanderi (option 4) occurred