The latest trophy introduced in Indian domestic cricket competition is :

Deodhar Trophy
Vijay Hazare Trophy
Syed Mushtaq Ali Trophy
Duleep Trophy

The correct answer is: C. Syed Mushtaq Ali Trophy

The Syed Mushtaq Ali Trophy is a domestic T20 cricket tournament in India. It is named after Syed Mushtaq Ali, who was a former Indian cricketer. The tournament is played by teams representing the different states of India. The first edition of the tournament was held in 2008-09. The current champions are Gujarat.

The Deodhar Trophy is a domestic limited-overs cricket tournament in India. It is named after Col. C.K.N. Deodhar, who was a former Indian cricketer. The tournament is played by teams representing the different zones of India. The first edition of the tournament was held in 1963-64. The current champions are West Zone.

The Vijay Hazare Trophy is a domestic one-day cricket tournament in India. It is named after Vijay Hazare, who was a former Indian cricketer. The tournament is played by teams representing the different states of India. The first edition of the tournament was held in 1993-94. The current champions are Karnataka.

The Duleep Trophy is a domestic first-class cricket tournament in India. It is named after Duleepsinhji, who was a former Indian cricketer. The tournament is played by teams representing the different zones of India. The first edition of the tournament was held in 1934-35. The current champions are Central Zone.

The Syed Mushtaq Ali Trophy is the latest trophy introduced in Indian domestic cricket competition. It was introduced in 2008-09. The tournament is played in a round-robin format, with the top teams qualifying for the knockout stage. The final is played over a single match.