Correct Answer - Option 2 : Saturday
According to the given information, on 5th it is Wednesday, so in the same month next Wednesday will be on 12, 19 and 26 (5 + 7 = 12 + 7 = 19 + 7 = 26)
Thus, 19th falls on a Wednesday.
Now, the day preceding 23rd is the 22nd.
Thus, 22nd of the month will fall on Saturday.
Hence, Saturday is the correct answer.