Which State was founded by Nizam-ul-Mulk in 1724?

The correct option is Hyderabad.

Step-by-step Explanation:
1. Historical Context: Mir Qamar-ud-din Khan, popularly known by his titles Nizam-ul-Mulk and Asaf Jah I, was a prominent noble in the Mughal Empire during the early 18th century.
2. Establishment of the State: In 1724, due to growing factionalism, corruption, and political instability at the Mughal court in Delhi, Nizam-ul-Mulk decided to consolidate his power in the Deccan region of southern India.
3. Battle of Shakar Kheda (1724): He defeated the Mughal governor of the Deccan, Mubariz Khan, in the Battle of Shakar Kheda in October 1724. This decisive victory allowed him to establish independent control over the Deccan territory.
4. Legacy: Although he formally recognized the Mughal Emperor's nominal suzerainty, Nizam-ul-Mulk ruled Hyderabad autonomously, founding the Asaf Jahi dynasty which governed the state of Hyderabad until India's independence.