The element with which of the following outer electron configuration may exhibit the largest number of oxidation states in its compounds :
The maximum number of oxidation states a given transition metal is (generally) the number of unpaired d-orbitals plus the 2 s-orbital electrons. This then finds the transition elements with the higher numbers of oxidation states in the middle of the transition series.
For the question presented & written in order of Aufbau Diagram:
4s1 3d5 => 4s↑ 3d ↑↑↑↑↑ => 6 oxidation states
4s2 3d5 => 4s↑↓ 3d ↑↑↑↑↑ => 7 oxidation states
4s2 3d2 => 4s↑↓ 3d ↑↑ => 4 oxidation states
4s2 3d3 => 4s↑↓ 3d ↑↑↑ => 5 oxidation states