The correct option is C 1 or 2
In case of acid-base reaction, the valency factor is the actual number of H+ or OH− replaced in the reaction. The acid or base may contain more number of replaceable H+ or OH− than actually replaced in reaction.
Valency factor for base is the number of OH− ion replaced by per molecule of the base.
Ca(OH)2 can replace 1 or 2 OH− depending on the reaction.
Hence valency factor is 1 or 2.