To understand the given question about Cerium (IV), let's consider the properties and electronic configuration of Cerium. Cerium (IV) refers to the Ce4+ ion. Cerium, with an atomic number of 58, belongs to the lanthanide series. In its +4 oxidation state, Cerium has lost four electrons. This results in the electronic configuration akin to that of the noble gas Xenon (Xe):
This noble gas configuration is highly stable due to its full shell. Now, let’s analyze the given options based on this stability and behavior of oxidizing/reducing agents:
Therefore, the correct statement about Cerium (IV) is that "It will prefer to gain electron and act as an oxidizing agent".