Concept:
Sterilization using steam is done by autoclaving, which uses high-pressure saturated steam.
Step 1: Standard conditions.
Autoclaving conditions:
• Temperature: $121^\circ$C
• Pressure: 15 psi
• Time: about 15--20 minutes
Step 2: Analyze options.
• $100^\circ$C → insufficient for sterilization
• $150^\circ$C → not standard autoclaving condition
• $121^\circ$C for 10 min → insufficient time
• $121^\circ$C for 20 min → correct
Step 3: Final conclusion.
Thus, correct sterilization condition is:
\[
$121^\circ$C for 20 minutes
\]