The correct option is B hyperbola
Let C1 and C2 be the centres of two circles of
radii r1 and r2 respectively. Let P be
the centre and r be the radii of a circle touching the two given
circles externally, then
C1P=r+r1 and C2P=r+r2
⇒C1P−C2P=r1−r2= constant.
point P moves in such a way that the difference of its distances
from two fixed points C1 and C2 is constant.
Therefore, P describes a hyperbola whose two foci are at C1
and C2
Hence, option 'C' is correct.