The correct option is C Assertion is CORRECT, but reason is INCORRECT.
For assertion:
Le Chateliers Principle states that if a system at equilibrium is subjected to a change of conditions, reactions occur in the system that tend to counteract the imposed change.
Thus, NO2 is an odd electron molecule that does not obey the octet rule. It readily dimerizes to form the colorless N2O4 molecule that does obey the octet rule. The NO2−N2O4 equilibrium is established as soon as the NO2 is produced and it temperature dependent.
For reason:
Oxygen has six electrons in the free atom, and it has six electrons in the right-hand oxygen. Therefore, the right-hand oxygen has no formal charge because it has the same number of electrons in the NO2 - molecule as it does as an atom. The left-hand, singly bonded oxygen has seven electrons- one more electron than has the free atom. Therefore, this oxygen has a -1 formal charge because it has one more electron in the molecule than oxygen has as a free atom. The nitrogen has five electrons around it and five valence electrons in the free atom, so the N has no formal charge. Thus, there is no dative or covalent bond formation occurs between two, NO2 molecules.