Step 1: Understanding 'Muntakhab-ul-Lubab'.
'Muntakhab-ul-Lubab' is a historical work written by Khafi Khan, a Mughal historian. It provides an account of the Mughal Empire during the reign of Aurangzeb and is an important work for understanding the Mughal period.
Step 2: Analyzing the options.
(A) Jahangir: Jahangir was a Mughal emperor, but he did not write 'Muntakhab-ul-Lubab'.
(B) Akbar: Akbar was another Mughal emperor, but he did not write 'Muntakhab-ul-Lubab'.
(C) Khafi Khan: Correct. Khafi Khan was the author of 'Muntakhab-ul-Lubab'.
(D) None of them: This is incorrect as the correct answer is (C).
Step 3: Conclusion.
The correct answer is (C) Khafi Khan, as he wrote 'Muntakhab-ul-Lubab'.