The correct option is: (B) 0.040 V
Explanation:
As the magnet falls down towards the pipe, which is a looped conductor, the magnetic field lines plunging into that conductor increase in magnitude. Based on Lenz’s law, current flows in the conductor to oppose the gain in field and maintain the flux. The copper loop will create a B field upwards to maintain flux and this upwards B field will be opposite from the magnets B field which will make it slow.