Why is Balaji Vishwanath called the 'Second Founder'?

Because he rescued the state from internal division and established the financial and administrative structures that allowed the Marathas to expand into an empire.

Balaji Vishwanath: Second Founder of Maratha State (2000 PYQ)

ID: MED_REG_2000_28 Ref: Satish Chandra, Medieval India

Who among the following streamlined the Maratha administration after Shambhaji?

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Correct Option: B

Balaji Vishwanath, the first hereditary Peshwa, is credited with streamlining the Maratha administration after the period of Sambhaji. He consolidated power for Chhatrapati Shahu and is known as the 'Second Founder' of the Maratha state.