Step 1: Recall the composition of Portland cement.
Portland cement is mainly prepared from limestone and clay.
The major constituents present in Portland cement are:
\[
CaO,\ SiO_2,\ Al_2O_3,\ Fe_2O_3
\]
Among these, the largest proportion is of:
\[
CaO
\]
and
\[
SiO_2
\]
Step 2: Role of the constituents.
\[
CaO
\]
provides strength and hardness to cement.
\[
SiO_2
\]
is responsible for durability and setting properties.
Therefore, these are considered the two principal constituents of Portland cement.
Step 3: Analyze the options.
(1) \(CaO,\ SiO_2\): Correct.
(2) \(CaO,\ Al_2O_3\): Incorrect, because \(Al_2O_3\) is present in smaller amount.
(3) \(SiO_2,\ MgO\): Incorrect, because \(MgO\) is only a minor constituent.
(4) \(CaO,\ MgO\): Incorrect, because \(MgO\) is not a major constituent.
Step 4: Final conclusion.
Hence, the two main constituents of Portland cement are
\[
\boxed{CaO,\ SiO_2}
\]