Correct Answer - D
Applying Nernst equation to the given reaction .
`E_(cell) = E_(cell)^(@) - (0.0591)/(n) "log" ([Fe^(2+)]^(2))/(P_(O_(2)) xx [H^(+)]^(4))`
For the given reaction , n = 4 and pH = 3 means `[H^(+)] = 10^(-3) M , P_(O_(2)) = 0.1 ` atm , `[Fe^(3+)] = 10^(-3)` ,
`therefore E_(cell) = 1.67 - (0.0591)/(4) "log" ((10^(-3))^(2))/(0.1 xx (10^(-3))^(4))`
`= 1.67 - (0.0591)/(4) log 10^(7) = 1.67 - 0.10 = 1.57 V `