Explanation:
There is one option to change number of free lists for the database segment: drop and recreate the database segment with required FREELIST value. Oracle maintains list of blocks that have space available for data insertion for all tables, called FREELISTS.
Incorrect Answers:

1: This command will not change free list value for the database segment.
3: Change of the default storage parameter for the table space will not modify free list parameter for the database segment.
4: There is no FREELIST_LIMIT parameter in the installation file.
Oracle 8, DBA Certification Exam Guide, Jason S. Couchman, p. 945-947. Chapter 20: Tuning Other Areas of the Oracle Database

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