The correct option is A Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
Since the oxidation number of N in HNO3 is maximum (+5), it can only decrease.
Hence, HNO3 acts as an oxidising agent.
In HNO2, the oxidation number of N is +3.
Therefore, it can increase by losing electrons or can decrease by accepting electrons. Therefore, HNO2 acts both as an oxidising as well as a reducing agent.