Solution:The oxidation state of Zinc reduces from +2 to 0 (ZnO is reduced to Zn), it is getting reduced, ZnO acts as an oxidising agent in the reaction: ZnO (Zinc Oxide) + C (Carbon) → Zn (Zinc) + CO (Carbon Monoxide). The oxidation state of Carbon increases from 0 to +2, C acts as a reducing agent.