The time constant of the network shown in the figure is 
Since a resistor-capacitor network's time constant is fixed by \(\tau = R_{eq}C_{eq}\), and here two equal resistors \(R\) appear in parallel while two equal capacitors \(C\) appear in parallel, an alternative route is to first reduce the resistors together and the capacitors together, then check the resulting product against each candidate answer.
Two resistors of value \(R\) in parallel give \(R_{eq} = R/2\), and two capacitors of value \(C\) in parallel give \(C_{eq}=2C\). Multiplying these equivalents together: \[ \tau = R_{eq}\,C_{eq} = \frac{R}{2}\times 2C = RC \]
Combining the resistor pair and the capacitor pair by the standard parallel formulas, and multiplying the two equivalents, gives exactly \(RC\), with the factor of 2 from halving the resistance cancelling the factor of 2 from doubling the capacitance.
Therefore, the correct answer is \(CR\).