The correct option is B disproportionation reaction
White phosphorus on reaction with NaOH gives PH3 as one of the products.
P4+3NaOH+3H2O→3NaH2PO2+PH3
The oxidation state of P in P4, NaH2PO2 and PH3 is 0, +1 and -3 respectively. It is an example of disproportionation reaction.