Concept:
Nernst equation at \(298\,K\):
\[
E = E^\circ - \frac{0.0592}{n}\log Q
\]
where \(Q\) is reaction quotient.
Step 1: Write expression for \(Q\).
\[
\text{Zn} + 2\text{Ag}^+ \rightarrow \text{Zn}^{2+} + 2\text{Ag}
\]
\[
Q = \frac{[\text{Zn}^{2+}]}{[\text{Ag}^+]^2}
\]
Step 2: Use given condition.
Given:
\[
E^\circ - E = 0.0592
\]
So,
\[
0.0592 = \frac{0.0592}{n}\log Q
\]
Here \(n = 2\) (2 electrons transferred), hence:
\[
0.0592 = \frac{0.0592}{2}\log Q
\]
Step 3: Solve for \(Q\).
\[
\log Q = 2 \Rightarrow Q = 100
\]
Step 4: Check options.
For option (B):
\[
Q = \frac{1}{(0.01)^2} = \frac{1}{0.0001} = 100
\]
Step 5: Conclusion.
Hence, correct condition is:
\[
[\text{Zn}^{2+}] = 1\,M,\quad [\text{Ag}^+] = 0.01\,M
\]