The correct answer is K.M. Munshi.
K.M. Munshi (1887-1970) was a Gujarati novelist, playwright, and politician. He is considered one of the most important figures in Gujarati literature. His works often deal with social and political issues, and he is known for his realistic portrayal of Gujarati life.
Zaverchand Meghani (1869-1947) was a Gujarati poet and writer. He is considered one of the pioneers of modern Gujarati literature. His works often deal with social and religious issues, and he is known for his powerful and evocative language.
Pannalal Patel (1912-1980) was a Gujarati novelist and short story writer. He is considered one of the most important figures in modern Gujarati literature. His works often deal with the lives of ordinary people, and he is known for his realistic and compassionate portrayal of human nature.
Umashankar Joshi (1908-1982) was a Gujarati poet, critic, and essayist. He is considered one of the most important figures in modern Gujarati literature. His works often deal with philosophical and religious issues, and he is known for his profound and insightful thought.
In conclusion, the correct answer to the question “A famous Gujarati novelist and playwright” is K.M. Munshi. He was a prolific writer who produced a wide range of works, including novels, short stories, plays, essays, and poems. His works are known for their realism, social commentary, and literary merit.