Step 1: Balance the reaction to find Y.
\[ \text{Ca}_3\text{P}_2 + 6\text{HCl} \rightarrow 3\text{CaCl}_2 + 2\text{PH}_3\uparrow \] So Y is phosphine gas, $\text{PH}_3$.
Step 2: Check the physical description first.
Phosphine is actually a colourless gas with a fishy or garlicky smell, not yellow, so this claim about colour is already off.
Step 3: Check the remaining chemical properties for consistency.
It does act as a Lewis base through the lone pair on phosphorus, it does decompose in light in aqueous solution, and it does explode on contact with traces of $\text{Cl}_2$ vapour, all three hold true.
Final answer: Option 1, the colour description is the one that's not correct.