The correct answer is C. Outstanding performance in sports.
The Arjuna Award is the second highest sporting honour of India, awarded by the Ministry of Youth Affairs and Sports, Government of India to recognize “outstanding performance in National and International sports”. It is named after Arjuna, the Pandava prince from the Mahabharata who was a skilled archer.
The award was instituted in 1961 and is given annually to sportspersons who have excelled in their respective fields. The award consists of a bronze statuette of Arjuna, a scroll of honour, and a cash prize.
Some of the notable recipients of the Arjuna Award include Sachin Tendulkar, P. V. Sindhu, and M. S. Dhoni.
Option A is incorrect because the Kirti Chakra is the highest peacetime military decoration awarded for gallantry in action.
Option B is incorrect because the Ashoka Chakra is the highest peacetime military decoration awarded for gallantry in action.
Option D is incorrect because the Magsaysay Award is a prestigious award given to individuals and organizations from Asia and the Pacific in recognition of their outstanding contributions to peace, democracy, government service, public service, literature and creative arts, and journalism.