The correct chronological order of the dynasties listed is: Ilbari Turks, Khiljis, Tughlaqs, Sayyids, and Lodis. The Ilbari Turks ruled from 1206 to 1290, followed by the Khiljis who ruled from 1290 to 1320. The Tughlaqs came next, ruling from 1320 to 1413. The Sayyid dynasty ruled from 1414 to 1451, and finally, the Lodis ruled from 1451 to 1526.

Option 4 (d, e, a, c, b) is the correct answer as it follows the chronological order of these dynasties. It is important to note that these dynasties ruled over India during the medieval period and each had a significant impact on the country`s history and culture.