The third Battle of Panipat took place between Ahmad Shah Abdali and

Hemu
Maratha rulers
Babur
Muhammad of Ghor

The correct answer is: B. Maratha rulers.

The Third Battle of Panipat was fought on January 14, 1761, between the Maratha Empire and the invading Afghan army of Ahmad Shah Durrani. The battle took place near the town of Panipat, about 97 kilometers (60 mi) north of Delhi, in the present-day state of Haryana, India.

The Maratha army was led by Sadashivrao Bhau, the Peshwa (prime minister) of the Maratha Empire. The Afghan army was led by Ahmad Shah Durrani, the founder of the Durrani Empire.

The battle was a decisive victory for the Afghans. The Maratha army was routed and Sadashivrao Bhau was killed. The defeat at Panipat marked the beginning of the decline of the Maratha Empire.

Hemu was a Hindu general who served the Mughal Empire. He was defeated and killed by Akbar at the Battle of Delhi in 1556.

Babur was the founder of the Mughal Empire. He defeated Ibrahim Lodhi at the First Battle of Panipat in 1526.

Muhammad of Ghor was a Muslim conqueror who invaded India in the 12th century. He defeated Prithviraj Chauhan at the Battle of Tarain in 1192.