The correct option is C Shete and Mahajan
There was usually a market adjacent to a Kasba which is known as peth. The Shete and Mahajan were the watandars of the peth. The setting up of a peth was the job of the Shete and the Mahajan. For that, they received some land from the government and some rights from the villagers. The Mahajan maintained the acconts of the Peth.