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The correct answer is option 1, the Khuda Baksh Oriental Public Library. This library has the largest collection of manuscripts of historical value.
However, let`s take a closer look at the other options to understand why they are not the correct answer. Option 2, the Tanjavur Maharaja Serfoji Saraswati Mahal Library, is known for its collection of rare palm leaf manuscripts, but it does not have the largest collection overall.
Option 3, the Asiatic Society Library, is a renowned institution, but its collection is not specifically focused on manuscripts of historical value. It has a diverse collection of books, periodicals, and other materials.
Option 4, the Rampur Raza Library, is a significant library in India but does not have the largest collection of historical manuscripts.
Therefore, the correct answer remains option 1, the Khuda Baksh Oriental Public Library.