The correct option is
A (i)
Ph−CH2OH, HCOOH, (ii)
Ph2CH2OOCHBenzaldehyde and formaldehyde undergo cannizzaro reaction when heated together in presence of KOH. Benzaldehyde is reduced to benzyl alcohol and formaldehyde is oxidized to formic acid. Thus (i) is a mixture of benzyl alcohol and formic acid PhCH2OH+HCOOH.
When this mixture is heated in presence of KOH, esterification reaction forms benzyl formate HCOOCH2Ph