Concept:Reduction is the gain of electrons, shown by a decrease in oxidation number.Explanation:In I2, each iodine atom has oxidation number 0.In I−, each iodine atom has oxidation number −1.The oxidation number of iodine decreases from 0 to −1, which means iodine gains electrons.Therefore, I2 is the species that undergoes reduction.The other species, S2O32−, is oxidised to S4O62−, but it is not reduced.Answer:I2(aq) is the species reduced.Correct option: C.