The correct answer is Shipra.

• Kaliadeh Palace is located on the banks of the Shipra river in Ujjain.
• The palace was built by the Sultan of Mandu in 1458 A.D.
• The palace was damaged by Pindaris during the Pindari war but was restored by Maharaja Sir Madho Rao Scindia of Gwalior in 1920.

Shipra

• The Shipra is a river in Madhya Pradesh.
• The river rises in the North of the Dhar district and flows north across the Malwa Plateau to join the Chambal River at the MP-Rajasthan boundary in the Mandsaur district.
• Ujjain is situated on its east bank.

Narmada river

• Narmada river forms the traditional boundary between North India and South India.
• Narmada river originates near the Amarkantak hill in the Anuppur District of eastern Madhya Pradesh.
• The basin covers large areas in the states of Madhya Pradesh (86%), Gujarat (14%), and a comparatively smaller area (2%) in Maharashtra.
• The Bhimbetka caves are located in a dyke of the Narmada valley at about 45 km northeast of Bhopal.

Ken

• The Ken River originates near village Ahirgawan on the north-west slopes of Kaimur Range in Jabalpur district of Madhya Pradesh.
• It travels a distance of 427 km, before merging with the Yamuna at Chilla village, near Fatehpur in Uttar Pradesh.

Chambal

• The Chambal River is a tributary of the Yamuna River.
• The river flows through Madhya Pradesh, running for a time through Rajasthan, then forming the boundary between Rajasthan and Madhya Pradesh before turning southeast to join the Yamuna in Uttar Pradesh.