Solution:The chemical reaction involved in formation of slaked lime: CaO (calcium oxide) + HβO (water) β Ca(OH)β (slaked lime). When calcium oxide, also known as quicklime, comes into contact with water, it undergoes a highly exothermic (heat-releasing) reaction, producing slaked lime (calcium hydroxide). CaClβ - Calcium chloride. CaCOβ - Calcium carbonate.