The correct option is B LEDs may burn.
The VI characteristics of a LED is similar to that of a Si junction diode.
But the threshold voltages are much higher and slightly different for each colour.
The reverse breakdown voltages of LEDs are very low, typically around 5 V.
So care should be taken that high reverse voltages do not appear across them as it may burn the LEDs.
Hence, option (C) is the correct answer.