I'm not sure who Anjali and Jai are in this love story. They might be characters in a local story, or they could be real people. If it's a fictional story, the author would have created their personalities and backstories. But without more info, it's impossible to say exactly who they are.
It depends on how you define 'true'. Some parts might be based on real events or inspired by them, but it likely has fictional elements added for dramatic effect.
It can be considered a real story to some extent. Maybe it takes inspiration from actual incidents and then adds some fictional elements for dramatic effect.
Definitely. Jai Bhim is a real-story adaptation. It accurately captures the essence and circumstances of the events it's based on, giving viewers an insight into the truth behind the narrative.