The correct option is
B iodine + KI in ethanol/water mixture
Tincture iodine is an alcoholic solution of
KI.
Tincture of iodine is actually a solution of iodine in a mixture of potassium iodide solution and ethanol.
KI or NaI is dissolved in a water/ ethanol mixture.
Tincture iodine is an antiseptic.
Option C is correct.