To determine which equation depicts the oxidizing nature of hydrogen peroxide (H_2O_2), we need to identify the reaction in which H_2O_2 acts as an oxidizing agent. An oxidizing agent is a substance that accepts electrons and gets reduced. Here are the steps and rationale:
Based on the above analysis, Option 2 (2 I^- + H_2O_2 + 2 H^+ \rightarrow I_2 + 2 H_2O) is the correct reaction that depicts the oxidizing nature of H_2O_2, as H_2O_2 oxidizes the iodide ions to iodine.