The correct option is D Assertion is incorrect but Reason is correct
The expression for the standard reduction potential is ERP=EoRP+0.059nlog[Mn+]. Thus, the reason is correct.
As the activity of Mn+ ion increases, the standard reduction potential of Mn+/M electrode also increases. Thus, the assertion is correct. Thus, both Assertion and Reason are correct and Reason is the correct explanation for Assertion.