A cash prize of 25 lakhs is given in which of the following award?

The correct option is Major Dhyan Chand Khel Ratna Award.

Here is a step-by-step explanation of why this option is correct:

1. About the Major Dhyan Chand Khel Ratna Award: Formerly known as the Rajiv Gandhi Khel Ratna Award, this is the highest sporting honour in India. It is awarded annually by the Ministry of Youth Affairs and Sports to athletes for their spectacular and most outstanding performance in the field of sports over a period of four years.

2. Prize Money Revision: In the year 2020, the Ministry of Youth Affairs and Sports significantly enhanced the prize money for various National Sports Awards. Under this revision, the prize money for the Khel Ratna Award was increased from 7.5 lakh rupees to 25 lakh rupees.

3. Comparison with Other Awards listed in the Options:
- Arjuna Award: The prize money was increased from 5 lakh rupees to 15 lakh rupees.
- Dronacharya Award (Lifetime): The prize money was increased from 5 lakh rupees to 15 lakh rupees.
- Dronacharya Award (Regular): The prize money was increased from 5 lakh rupees to 10 lakh rupees.
- Rani Lakshmi Bai Award: This is a state-level award (primarily in Uttar Pradesh) and does not carry a cash prize of 25 lakhs at the national sports awards level.

Therefore, a cash prize of 25 lakhs is given specifically for the Major Dhyan Chand Khel Ratna Award.