Correct Answer: Known

Solution : The first option is the correct answer.

In the sentence, the word "familiar" suggests that she is recognised or known within the political sphere. So,  among the options provided, "known" is the most appropriate meaning for the underlined word in this context.

The meanings of other options are as follows:

• A legend is a traditional story that is sometimes popularly regarded as historical but unauthenticated.
• Elevated means raised or lifted.
• Fancy means elaborate or decorative; having a liking for something.

Therefore, the correct answer is known.