Introduction:
In a circular linked list organization, insertion of a record involves modifying one or two pointers. This is because a circular linked list is a data structure in which each node contains a data element and a pointer that points to the next node in the sequence. The last node in the list points back to the first node, creating a circular structure. When inserting a new record into a circular linked list, the pointers of the neighboring nodes need to be adjusted to accommodate the new node.

Explanation:
1. One Pointer:
When inserting a record at the beginning or end of a circular linked list, only one pointer needs to be modified.
- At the beginning: If the new record is being inserted at the beginning of the list, the pointer of the last node needs to be updated to point to the new first node.
- At the end: If the new record is being inserted at the end of the list, the pointer of the previous last node needs to be updated to point to the new last node.

2. Two Pointers:
When inserting a record in the middle of a circular linked list, two pointers need to be modified.
- Find the appropriate position in the list where the new record should be inserted. This involves traversing the list until the desired position is reached.
- Update the pointers of the previous node and the current node to include the new node. The previous node's pointer should point to the new node, and the new node's pointer should point to the current node.

3. Multiple Pointers:
In general, insertion of a record in a circular linked list involves modifying multiple pointers. This is because the neighboring nodes need to be adjusted to accommodate the new node. However, the exact number of pointers that need to be modified depends on the specific insertion position.

4. No Pointer:
The option "No pointer" is incorrect because inserting a record in a circular linked list always involves modifying at least one pointer. Whether it is one pointer or two pointers depends on the insertion position.

Conclusion:
In a circular linked list organization, the insertion of a record involves modifying one or two pointers. The exact number of pointers that need to be modified depends on the insertion position. When inserting at the beginning or end, only one pointer needs to be modified. When inserting in the middle, two pointers need to be modified. The option "No pointer" is incorrect as at least one pointer always needs to be modified during insertion.