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The passage describes a festival that is celebrated to commemorate the advent of New Year. It mentions ancient rituals, stage fights between good and evil, chanting, passing through crowds with fire torches, the dance of the Ibex deer, and dramatic battles between the King and his ministers. The festival is also characterized by dance, music, and merry-making.
Option 1: Losar -This festival is celebrated to commemorate the advent of New Year and includes various rituals, stage fights, and dance. This matches the description given in the passage.
Option 2: Ullambana - Ullambana is a Buddhist festival celebrated to honor one`s ancestors. It does not match the description given in the passage.
Option 3: Passover - Passover is a Jewish festival that commemorates the liberation of the Israelites from slavery in Egypt. It does not match the description given in the passage.
Option 4: Gahambars - Gahambars are Zoroastrian festivals celebrated to mark the changing of seasons. They do not match the description given in the passage.
Therefore, the festival referred to in the passage is Losar (Option 1).