Correct Answer - C
In situation 1, the tension T has to hold both the masses 2m and m therefore,
`T=3mg`
In situation 2, when the string is cut, the mass m is a freely falling body and its acceleration due to gravity is g.
For mass 2m, just after the string is cut, T remains 3mg because of the extension of string.
`:.` `3m-2mg=2mxxa` `:.` `g/2=a`