L=(L1' U L2')'
By demorgan's law..
L= L1 ∩ L2
Since CFL's are not closed under intersection.Therefore L may or may not be CFL.
And by inclusion of intersection we know that ,if A and B are two sets then A ∩ B is a subset of A as well as B .Therefore
L is a subset of L1 as well as L2.
Hence 2 and 3 are correct
Therefore option C.