Explanation:

- Option 1: Jamsetjee Jejeebhoy

- A Parsi businessman and philanthropist from the 19th century.

- He was not involved in the events surrounding the Jallianwala Bagh.

- Option 2: Rabindranath Tagore

- Renowned Indian poet and Nobel laureate.

- He renounced his knighthood in protest against the Jallianwala Bagh massacre in 1919.

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- Option 3: Shivajirao Holkar

- He was a ruler of the Holkar state.

- Not directly related to the Jallianwala Bagh incident.

- Option 4: Surendranath Banerjee

- Was an Indian nationalist leader and politician.

- He did not renounce a knighthood over the Jallianwala Bagh massacre.

Rabindranath Tagore's renouncement of his knighthood was a significant act of protest against British colonial rule in response to the Jallianwala Bagh tragedy, strengthening the Indian independence movement.