The correct option is D a pair of straight lines
The given equation is,
y2−x2+2x−1=0 ........ (i)
Compare it with the general equation of second degree conic section i.e.,
ax2+2hxy+py2+2gx+2fy+c=0 ... (ii)
we get, a=−1,b=1,c=−1,h=0,g=1 and ff=0
∴ Discriminant =Δ=abc+2fgh−aff2−bg2−ch2
=(−1)(1)(−1)+2(0)(1)(0)−0−1=0
Hence, the given equation will represent a pair of straight lines.