<u>Answer: </u>The correct statement is the oxidation state of nitrogen in NO changes from +2 to 0, and the oxidation state of carbon in CO changes from +2 to +4 as the reaction proceeds.
<u>Explanation:</u>
Oxidizing agent is the agent which oxidizes the other substance and itself gets reduced. The reaction it undergoes is reduction reaction. It gains electrons and the oxidation state of the substance gets reduced.
Reducing agent is the agent which reduced the other substance and itself gets oxidized. The reaction it undergoes is oxidation reaction. It looses its electrons and the oxidation state of the substance is increased
For the given chemical equation:
<u>On reactant side:</u>
Oxidation state of Nitrogen = +2
Oxidation state of Carbon = +2
Oxidation state of Oxygen = -2
<u>On product side:</u>
Oxidation state of Nitrogen = 0
Oxidation state of Carbon = +4
Oxidation state of Oxygen = -2
The oxidation state of carbon is increasing from +2 to +4, it is loosing electrons and thus it is undergoing oxidation reaction and CO is considered as a reducing agent. And the oxidation state of Nitrogen in reducing from +2 to 0, it is gaining electrons and thus it is undergoing reduction reaction and is considered as an oxidizing agent.
Hence, the correct statement is the oxidation state of nitrogen in NO changes from +2 to 0, and the oxidation state of carbon in CO changes from +2 to +4 as the reaction proceeds.