CONFIG_MVME16x is not available for thedefaultarchitecture x86.
Result is shown for architecture m68k

MVME162, 166 and 167 support

configname: CONFIG_MVME16x

Linux/68k Kernel Configuration
└─>Platform dependent setup
└─>MVME162, 166 and 167 support
In linux kernel since version 2.6.12  
Say Y to include support for Motorola VME boards. This will build a
kernel which can run on MVME162, MVME166, MVME167, MVME172, and
MVME177 boards. If you select this option you will have to select
the appropriate drivers for SCSI, Ethernet and serial ports later
on.

selects

CONFIG_LEGACY_TIMER_TICK


is selected by
CONFIG_MVME16x_SCSI