The correct answer is option 'C'. The Vice President can be removed from office by a resolution passed by a majority of the Rajya Sabha and agreed to by the Lok Sabha. Let's understand this in detail:

1. Role and Powers of the Vice President:
The Vice President of India holds the second-highest constitutional office in the country. The Vice President is elected by an Electoral College consisting of members of both the Rajya Sabha and the Lok Sabha. The Vice President serves as the ex-officio Chairman of the Rajya Sabha and performs various functions, including presiding over its sessions and maintaining order.

2. Removal of the Vice President:
According to Article 67 of the Constitution of India, the Vice President can be removed from office by a resolution passed by a majority of the members of the Rajya Sabha present and voting, and agreed to by a majority of the members of the Lok Sabha present and voting. This means that both houses of Parliament need to be involved in the removal process.

3. Resolution passed by the Rajya Sabha:
The process for the removal of the Vice President begins with the Rajya Sabha. A resolution proposing the removal of the Vice President must be introduced and passed in the Rajya Sabha. This resolution requires a majority of the members present and voting in the Rajya Sabha.

4. Agreement by the Lok Sabha:
Once the resolution is passed by the Rajya Sabha, it is then sent to the Lok Sabha for consideration. The Lok Sabha must also pass the resolution agreeing to the removal of the Vice President. Similar to the Rajya Sabha, the resolution in the Lok Sabha requires a majority of the members present and voting.

5. Special Majority:
The term "special majority" refers to a specific number or proportion of votes required for a resolution to be passed. In the case of the removal of the Vice President, a simple majority is not sufficient. Instead, a majority of the members present and voting in both the Rajya Sabha and the Lok Sabha must agree to the resolution.

In conclusion, the Vice President can be removed from office by a resolution passed by a majority of the members of the Rajya Sabha and agreed to by a majority of the members of the Lok Sabha. This process ensures that both houses of Parliament are involved in the decision to remove the Vice President from office.

The Vice-President holds office for a term of five years from the date on which he enters upon his office. However, he can resign from his office at any time by addressing the resignation letter to the President. He can also be removed from the office before completion of his term. A formal impeachment is not required for his removal.