Correct answer is option E. It is a redox reaction in which Zn is oxidized at the anode, and V is reduced at the cathode.
Reason:
In above reaction, the oxidation state of VO3- is +5, while that of VO2 is +4. Thus there is reduction of V from +5 to +4
In case of Zn, oxidation state of Zn is increased from 0 to +2, Thus process is referred as oxidation.