The \(C_2\) molecule is composed of two carbon atoms and has 12 valence electrons. According to Molecular Orbital Theory, we can fill the molecular orbitals (MO) based on these 12 electrons:
1. The 12 valence electrons of \(C_2\) molecule will fill the following molecular orbitals:
- 2 electrons in the \( \sigma_{1s} \) orbital.
- 2 electrons in the \( \sigma^*_{1s} \) orbital.
- 4 electrons in the \( \sigma_{2s} \) orbital.
- 4 electrons in the \( \pi_{2p_x} \) and \( \pi_{2p_y} \) orbitals.
2. The bonding in \(C_2\) includes:
- A sigma bond formed by the \( \sigma_{2s} \) molecular orbital.
- A pi bond formed by the degenerate \( \pi_{2p_x} \) and \( \pi_{2p_y} \) molecular orbitals.
3. The bond order is calculated using the formula:
\[
\text{Bond order} = \frac{1}{2} \left( \text{Number of bonding electrons} - \text{Number of antibonding electrons} \right)
\]
For \(C_2\), this gives:
\[
\text{Bond order} = \frac{1}{2} \left( 8 \, \text{(bonding electrons)} - 4 \, \text{(antibonding electrons)} \right) = 2.0
\]
4. Since all electrons are paired in the molecular orbitals, the \(C_2\) molecule is diamagnetic in nature.
5. Both the bonds in \(C_2\) molecule are pi bonds formed by the overlap of the p-orbitals, not sigma bonds.
Thus, the correct option is C: Bond order = 2.0; Diamagnetic in nature; Both bonds formed are pi bonds.