Step 1: Understanding the Question:
The reaction involves two distinct aldehydes (formaldehyde and benzaldehyde), both of which completely lack $\alpha$-hydrogens, reacting in the presence of concentrated strong base (NaOH). This is a classic textbook Crossed Cannizzaro Reaction. We must identify the specific oxidation and reduction products formed after acidification.
Step 2: Detailed Explanation:
The Cannizzaro reaction is a disproportionation (self-oxidation-reduction) reaction. One molecule of aldehyde is oxidized to a carboxylic acid salt, while the other is simultaneously reduced to a primary alcohol.
In a Crossed Cannizzaro reaction between two different non-enolizable aldehydes, the distribution of products is not random. It is strictly dictated by the relative electrophilicity (reactivity) of their carbonyl carbons.
Formaldehyde ($\text{HCHO}$): It has two hydrogen atoms, making its carbonyl carbon highly unhindered sterically and intensely electrophilic due to a lack of electron-donating alkyl groups.
Benzaldehyde ($\text{C}_6\text{H}_5\text{CHO}$): The bulky phenyl ring provides steric hindrance and donates electron density via resonance, significantly lowering the electrophilicity of the carbonyl carbon.
Reaction Mechanism:
1. The $\text{OH}^-$ nucleophile from the concentrated base will preferentially and rapidly attack the more reactive aldehyde, which is formaldehyde.
2. This attack turns formaldehyde into the intermediate that ultimately donates a hydride ion, resulting in its oxidation to a formate salt ($\text{HCOO}^- \text{Na}^+$).
3. The donated hydride ion forces the other, less reactive aldehyde (benzaldehyde) to be reduced to an alcohol ($\text{C}_6\text{H}_5\text{CH}_2\text{OH}$, benzyl alcohol or phenylmethanol).
4. Upon subsequent acidification ($\text{H}_3\text{O}^+$), the sodium formate salt is protonated to form methanoic acid ($\text{HCOOH}$).
Therefore, the final stable products are Methanoic acid and Phenylmethanol.
Step 3: Final Answer:
The products are Methanoic acid and phenylmethanol, matching option (c).