I believe this should be D, if your router is sending the 'unacceptable hold time' message, that means that the remote router is advertising a hold time that is too low. If we assume that we can only change R1, we have to set a lower minimum hold-down timer so that the peering can establish.
you have to configure the smaller hold-down timer higher (when establishing a BGP session, the routers use the smaller hold time value contained in the two routers’ open messages)
So D makes sense considering minimum = smaller
C is correct
When the minimum acceptable hold-time is configured on a BGP router, a remote BGP peer session is established only if the remote peer is advertising a hold-time that is equal to, or greater than, the minimum acceptable hold-time interval. If the minimum acceptable hold-time interval is greater than the configured hold-time, the next time the remote session tries to establish, it will fail and the local router will send a notification stating "unacceptable hold time."
https://www.cisco.com/c/en/us/td/docs/ios/iproute_bgp/command/reference/irg_book/irg_bgp4.html
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