Correct Answer:
Option C —
iv, ii, i, iii
These rulers all belonged to the Mamluk Dynasty (also known as the Slave Dynasty), which was the first dynasty of the Delhi Sultanate.
Chronological Breakdown
Qutb-ud-din Aibak (1206–1210): The founder of the Mamluk Dynasty. He was a former slave of Muhammad Ghori and began the construction of the Qutub Minar.
Iltutmish (1211–1236): Considered the "real consolidator" of the Delhi Sultanate. He introduced the Iqta system and the silver Tanka and copper Jital coins.
Razia Sultan (1236–1240): The daughter of Iltutmish and the first female sovereign of the Delhi Sultanate. Her reign was brief due to opposition from the Turkish nobles (The Chahalgani).
Ghiyasuddin Balban (1266–1287): A powerful ruler who broke the power of the "Group of Forty" (Chahalgani) and introduced the Persian customs of Sijda (prostration) and Paibos (kissing the monarch's feet).
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.