The festival of lights, signifying the victory of good over evil:

Ugadi
Deepavali
Makara Sankranti
Onam

The correct answer is B) Deepavali.

Deepavali, also known as Diwali, is a five-day festival of lights that is celebrated by Hindus, Jains, Sikhs, and Newar Buddhists. It is one of the most popular festivals in India and is also celebrated in other parts of the world with large Hindu populations, such as Nepal, Sri Lanka, Malaysia, Singapore, South Africa, and the United Kingdom.

The festival marks the victory of good over evil, light over darkness, knowledge over ignorance, and hope over despair. It is also a time to celebrate new beginnings and to give thanks for the blessings of the past year.

The first day of Deepavali is called Dhanteras, which is dedicated to Lakshmi, the goddess of wealth and prosperity. On this day, people clean their homes and businesses, decorate them with lights and flowers, and buy new utensils and other items to bring good luck in the coming year.

The second day of Deepavali is called Naraka Chaturdashi, which is dedicated to the demon Narakasura. On this day, people light fireworks and firecrackers to symbolize the destruction of evil.

The third day of Deepavali is called Annakut, which is a day of feasting and gift-giving. On this day, people cook special dishes and exchange gifts with family and friends.

The fourth day of Deepavali is called Balipratipada, which is the start of the new year in the Hindu calendar. On this day, people visit temples and pray for good health and prosperity in the coming year.

The fifth and final day of Deepavali is called Bhai Duj, which is a day to celebrate the bond between brothers and sisters. On this day, sisters invite their brothers to their homes for a special meal and gifts.

Deepavali is a time of joy and celebration for Hindus around the world. It is a time to reflect on the past year and to look forward to the year ahead with hope and optimism.