i.Reduction occurs at cathode (nickel electrode).
ii.Reaction at anode
Fe→Fe2++2e−
Reaction at cathode :
Ni2++2e−→Ni
iii. In this Fe acts as anode.
iv. The electrons are passing through anode to cathode.
v. Voltmeter reading decreases
vi. Voltmeter shows zero reading because at equilibrium there is no flow of electrons. As a result it shows zero reading.