Each adjacent pair of sheets forms a capacitor C0.
(P) S1-S4 with S2, S3 floating: three C0 in series, 3C0. → (3)
(Q) S2 shorted to S3: the middle capacitor drops out, leaving two C0 in series, 2C0. → (2)
(R) Between S1 and S3 with S2=S4: C0 (S1S2) in series with [S2S3 and S4S3 in parallel =2C0], giving 32C0. → (4)
(S) S1=S3 and S2=S4: all three capacitors join the same two nodes, in parallel, 3C0. → (1)
Option (C).