Q: I want to reset my security question as i have forgotten the answers?BUT i don't see any option, when i try to reset, saying "reset security questions"? PLEASE HELP

Look at this article. I believe the information may help you. If you forgot the answers to your Apple ID security questions - Apple Support

Please look at this screenshot

You need to ask Apple's Account Security team to reset your security questions. To contact them, click here and pick a method; if that page doesn't list one for your country or you're unable to call, fill out and submit this form.

(142266)

I am having the same problem, There is no option to reset my security questions on the popup.

Contact Apple as I described above.

(142282)

Kept guessing until I got this

And the Use Rescue Email Address link doesn't work (as in nothing happens when I click it, no matter what browser I'm using...)

Your first screenshot means that you don't have a rescue email address on your account, so the link on your last post won't work - you will have to contact Apple as Niel has already said