Correct answer: P₄O₁₀ + 2H₂O → 4HPO₃
The reaction P₄O₁₀ + 2H₂O → 4HPO₃ correctly represents the formation of H₃PO₃ (phosphorous acid), which is often confused with hypophosphorous acid (H₃PO₂). The question's statement about basicity is incorrect for H₃PO₃, as it has two P–OH groups and a basicity of 2.