The festival dedicated to Goddess Lakshmi, observed with prayers and decorations:

Ganesha Chaturthi
Varamahalakshmi
Karaga
Ayudha Puja

The correct answer is: B) Varamahalakshmi

Varamahalakshmi is a Hindu festival dedicated to Goddess Lakshmi, the goddess of wealth, prosperity, and fortune. It is observed in the month of November or December, on the day of the Shukla Paksha Chaturdashi (fourteenth day of the waxing moon).

The festival is celebrated with prayers, offerings, and decorations. People clean their homes and businesses, decorate them with flowers and rangolis (colored rice or sand designs), and light lamps. They also visit temples to offer prayers to Goddess Lakshmi.

It is believed that praying to Goddess Lakshmi on this day will bring good luck and prosperity in the coming year. People also exchange gifts and sweets on this day.

The other options are incorrect because:

  • Ganesha Chaturthi is a Hindu festival dedicated to Lord Ganesha, the god of wisdom and remover of obstacles. It is observed in the month of August or September, on the day of the Chaturthi (fourth day of the waxing moon).
  • Karaga is a Hindu festival celebrated in the state of Karnataka in India. It is dedicated to the goddess Draupadi, the wife of the five Pandavas in the Mahabharata. The festival is observed in the month of April or May, on the day of the full moon.
  • Ayudha Puja is a Hindu festival dedicated to weapons. It is observed in the month of October or November, on the day of the Vijayadashami (tenth day of the waxing moon).