The correct option is B Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion.
Aerobic respiration is the release of energy from glucose or another organic substrate in the presence of oxygen. Strictly speaking aerobic means in air, but it is the oxygen in the air which is necessary for aerobic respiration. A total of 10 NADH2 and 2FADH2 molecules are formed in aerobic respiration. We generally say that you get 3 ATPs per NADH and 2 per FADH2. So, all together 34 ATP molecules are formed in aerobic respiration. Thus, assertion and reason are correct. But, reason is not the correct explanation for assertion. Thus, option B is correct and other options are incorrect.