The forces acting on this object are Balanced and the net force is 0 N, the correct option is option (a).
A system is said to be balanced, when the resultant of the forces acting on the system is 0.
The resultant of the forces acting in a bi-direction is calculated as
R=

The force in x direction is Fx=+5-5=0
The force in x direction is Fy=+2-2=0
Therefore resultant force on the system is 0 N.