(D) is exothermic and pH of the solution formed is more than 7.
Heat is liberated → exothermic. Ca(OH)₂ is a base → its solution is alkaline → pH > 7.
Two facts decide the answer: (1) heat is released = exothermic (not endothermic), eliminating A and C; (2) Ca(OH)₂ is a base, so its aqueous solution is alkaline with pH > 7 (not = 7), eliminating B. Both conditions together point to option D.