Correct Answer - D
The force acting on the body of mass `M` are its weight `Mg` acting vertically downwards and air resistance `F` acting vertically upward.
Acceleration of the bodies
`a_M = (Mg - F)/(M) = g - (F)/(M)`
Similarly `a_m = g - (F)/(m)`
Now, `M gt m`, therefore, the body with larger mass will have greater acceleration and it will reach the ground first.