The correct answer is option 'B', Chandel. The monuments of Khajuraho in the state of Madhya Pradesh are fine denotations of the Chandel dynasty.

The Chandel dynasty was a medieval Indian dynasty that ruled over the region of Bundelkhand in central India from the 9th to the 13th centuries. The dynasty is known for its patronage of art and architecture, particularly the temples of Khajuraho.

The Chandel rulers were great patrons of the arts, and under their rule, Khajuraho flourished as a major cultural and religious center. The temples of Khajuraho were built between the 9th and 11th centuries, during the reign of the Chandel dynasty. These temples are renowned for their exquisite carvings and intricate sculptures, which depict various aspects of life, including gods and goddesses, celestial beings, humans, animals, and erotic scenes.

The temples of Khajuraho are a UNESCO World Heritage Site and are considered one of the finest examples of Indian temple architecture. They are known for their unique architectural style, which combines elements of Hindu, Jain, and Buddhist traditions. The temples are built on a high platform and have a distinct spire-like structure known as shikhara. The walls and pillars of the temples are adorned with intricate carvings that depict various mythological and historical scenes.

The temples of Khajuraho are divided into three groups - the western group, which is the largest and most famous; the eastern group, which is smaller and less elaborate; and the southern group, which is the oldest. Each group has its own unique architectural style and features.

Overall, the monuments of Khajuraho in the state of Madhya Pradesh are fine denotations of the Chandel dynasty, known for their patronage of art and architecture. These temples are a testament to the rich cultural and artistic heritage of India.