Step 1: Recall basic structure of Colpitts oscillator.
Colpitts oscillator is an LC oscillator where the feedback is obtained using a capacitive voltage divider. Step 2: Identify components of feedback network.
The feedback network consists of:
Two capacitors \(C_1\) and \(C_2\) connected in series and one inductor \(L\). Step 3: Why two capacitors are used.
The two capacitors form a voltage divider which provides the correct fraction of output voltage back to the input. Step 4: Choose correct option.
Hence the correct option is (B). Final Answer:
\[
\boxed{\text{(B) two capacitors and an inductor}}
\]