Step 1: Understanding the Sentence
The sentence is a comparison. It states that the value of life is based on one thing (awareness and contemplation) instead of another (mere survival). The first blank needs a verb. The second blank needs a word to complete the comparison structure "rather ________".
Step 2: Evaluating the Options
(A) Dwelling, to: "Dwelling upon" is a phrasal verb, but the sentence needs a main verb for the subject "value". "The ultimate value... dwelling" is grammatically incorrect.
(B) Moves, more: "Moves upon" doesn't make sense in this context. "Rather more upon" is awkward and incorrect.
(C) Depends, than: The verb "depends" fits perfectly ("The ultimate value of life depends upon..."). The phrase "rather than" is a standard and correct way to express a contrast or preference. This option fits both blanks perfectly.
(D) Consequent, to: "Consequent" is an adjective, not a verb, so it cannot be the main verb of the sentence.
Step 3: Final Answer
The verb "Depends" and the conjunction "than" correctly complete the sentence's structure and meaning: "The ultimate value of life depends upon awareness... rather than upon mere survival." Therefore, option (C) is the correct answer.