What was the significance of the 1719 Maratha-Mughal treaty?

It was the first time the Mughal Emperor legally recognized the Maratha right to revenue from Mughal lands, signaling a total power shift.

Maratha-Mughal Agreement: Chauth and Sardeshmukhi (2020 PYQ)

ID: MED_MAR_2020_126 Ref: Satish Chandra, History of Medieval India

On which condition did the Marathas agree to serve the Mughal king with 15,000 cavalry?

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Correct Option: C

The Marathas agreed to provide 15,000 cavalry to the Mughal Emperor in exchange for the legal right to collect Chauth and Sardeshmukhi taxes from the Deccan provinces.