Correct answer: B. It symbolised women's military participation
Explanation: The direct answer is B: it symbolised women’s military participation. The Rani of Jhansi Regiment was the women’s regiment of the Indian National Army, associated especially with Captain Lakshmi Sahgal. Its importance was both practical and symbolic: women were presented as active participants in the struggle, capable of training, discipline and military service rather than being limited to passive support. Option B is correct. Option A is wrong because the regiment was not only a peasant organisation; it was a women’s military unit. Option C is wrong because Chipko was a later forest-protection movement and had no organisational identity as this regiment. Option D is wrong because Bhoodan was a later land-gift movement, not an INA military formation. The word “symbolised” is important: the question asks for historical significance, not merely the unit’s administrative description. Memory cue: INA, Rani Jhansi Regiment, Lakshmi Sahgal—women in armed participation.