Concept:
A raga can be identified by its thaat, jati, and vadi-samvadi.
Here, the given characteristics are:
\[
\text{Thaat} = \text{Bhairavi}
\]
\[
\text{Jati} = \text{Audav-Audav}
\]
\[
\text{Vadi-Samvadi} = Ma-Sa
\]
Step 1: Understand Audav-Audav jati.
Audav means five swaras.
Audav-Audav means the raga uses five swaras in both aroha and avaroha.
Step 2: Identify the swara structure of Malkauns.
Raga Malkauns is a pentatonic raga.
It uses five swaras:
\[
S,\ g,\ M,\ d,\ n
\]
Thus, its jati is:
\[
\text{Audav-Audav}
\]
Step 3: Check Vadi-Samvadi.
In Malkauns:
\[
\text{Vadi} = Ma
\]
\[
\text{Samvadi} = Sa
\]
This exactly matches the given characteristics.
Step 4: Final conclusion.
The raga having Bhairavi thaat, Audav-Audav jati and Ma-Sa vadi-samvadi is:
\[
\boxed{\text{Malkauns}}
\]
Hence:
\[
\boxed{\text{(C)}}
\]