The correct option is C Tendency to exhibit +5 oxidation state increases down the group
Common oxidation states of group 15 elements are −3,+3 and +5.
Down the group tendency to show −3 oxidation state decreases for group 15 elements due to increase in size and metallic character.
Down the group tendency to show +3 oxidation state increases and tendency to show +5 oxidation state decreases for group 15 elements due to inert pair effect.
Hence, option (c) is the correct answer.