Concept:
• A rheostat is a variable resistor used to actively control the flow of electric current by manually changing the resistance in the circuit.
• The total resistance of a simple series circuit dictates the total current supplied by the voltage source ($I = \frac{V_{total}}{R_{eq}}$).
• The voltage across a fixed component in a series circuit is directly proportional to the current flowing through it ($V = IR$).
Step 1: Analyze the circuit diagram
Carefully observing the provided circuit diagram reveals the connections: The positive terminal of the battery connects to the ammeter, which then connects to the unknown fixed resistance X.
The other end of resistance X connects to the movable slider (wiper) of the rheostat.
The fixed upper end of the rheostat, labeled P, is directly connected to the negative terminal of the battery.
This configuration means that the active resistance of the rheostat currently included in the circuit is simply the portion of the wire spanning from the fixed point P to the slider's current position.
Step 2: Determine the effect of moving the slider
The question states that the movable end (slider) is physically pushed towards point P.
As the slider gets closer to P, the physical length of the rheostat wire included in the current path dramatically shortens.
Since resistance is directly proportional to length ($R = \rho \frac{l}{A}$), a shorter length means the rheostat introduces significantly less resistance into the circuit.
Consequently, the total equivalent resistance of the entire series circuit ($R_{eq} = X + R_{rheo}$) effectively decreases.
Step 3: Determine the impact on meter readings
According to Ohm's law applied to the entire circuit, total current is $I = \frac{V_{battery}}{R_{eq}}$.
Because the total equivalent resistance $R_{eq}$ has decreased while the battery voltage remains constant, the overall current $I$ must increase.
Thus, the reading on the ammeter will visibly increase.
Next, consider the voltmeter, which is connected directly in parallel across the fixed resistor X.
The voltage drop across X is determined by $V_X = I \cdot X$.
Since the resistance $X$ is perfectly constant and the current $I$ has just increased, the voltage drop $V_X$ must identically increase.
Thus, the reading on the voltmeter also increases.
Step 4: Conclusion
Both the ammeter and the voltmeter will show increased readings when the slider is moved towards P.
This precisely matches the statement in option (B).