The argument assumes that one event caused another event. In this case, the volcano eruption, and the subsequent debris pushed into the atmosphere, led to a drop in global temps. The correct answer will provide another cause to the drop in global temperatures.
Only (B) does so. Note, (B) is not saying that the volcano did not cause any drop in temperature, but it attacks the part of the conclusion that states that a volcanic eruption of equal intensity will cause the same drop in temperature. If La Nina was responsible for compounding the drop in temperature, then a similar eruption, without the attendant La Nina, would not necessarily result in the same drop.
(A) is really tempting. The reason it is not the answer is it does not address the conclusion as directly as (B). Though Tambora was a larger eruption, the conclusion states, "in terms of the amount of debris ejected into the atmosphere". We do not know if Tambora ejected more debris into the atmosphere than did Krakatoa.
(C) states that temperatures worldwide have been increasing. That does not mean that a massive eruption could not lead to a drop in world temperatures.
(D) is a general fact that does not relate to the argument.
(E) is wrong because the drop in temperatures is not related to any eruption. Thus, (E) is irrelevant.
Posted from my mobile device