Answer: The correct answer is Option 2.
Step-by-step explanation:
For the given redox reaction, magnesium is getting oxidized because it is loosing electrons and iron is getting reduced because it is gaining electrons.
The half reaction for oxidation and reduction is given by the equations:
Oxidation half reaction:
× 3
Reduction half reaction:
× 2
Net ionic reaction:

Total number of electrons transferred are 6.
So, the correct answer is Option 2.