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Option 1: Hemachandra - He was indeed a renowned Jain scholar but there is no historical evidence to suggest that he was greatly honored by Akbar.
Option 2: Harivijaya - This is the correct answer. Harivijaya was a renowned Jain scholar who received great honor from Akbar. He was invited to the royal court and was praised for his expertise in Jain philosophy and literature.
Option 3: Vastupala - There is no historical evidence to suggest that Vastupala was greatly honored by Akbar.
Option 4: Bhadrabahu - While Bhadrabahu is an important figure in Jainism, there is no historical evidence to suggest that he was greatly honored by Akbar.
In conclusion, the correct answer is option 2 - Harivijaya, as he was the Jain scholar who received great honor from Akbar.