Step 1: Concept
The mutual inductance $M$ between a long primary solenoid and a concentric secondary coil wound closely around its center is given by the formula $M = \frac{\mu_{0} N_{1} N_{2} A}{l}$.
Step 2: Meaning
Here, $N_{1}$ is the primary turns, $N_{2}$ is the secondary turns, $l$ is the length of the primary solenoid, and $A$ is the cross-sectional area of the inner solenoid ($A = \pi r^2 = \pi (\frac{d}{2})^2$).
Step 3: Analysis
Given values: $l = 2\text{ m}$, $d = 2\text{ cm} = 0.02\text{ m}$, $r = 1\text{ cm} = 0.01\text{ m}$, $N_{1} = 2000$, $N_{2} = 1000$, and $\mu_{0} = 4\pi \times 10^{-7}\text{ T}\cdot\text{m/A}$.
The area is $A = \pi \times (10^{-2})^2 = \pi \times 10^{-4}\text{ m}^2$. Substituting these values into the formula:
$$M = \frac{(4\pi \times 10^{-7}) \times 2000 \times 1000 \times (\pi \times 10^{-4})}{2}$$
$$M = \frac{4\pi^2 \times 10^{-7} \times 2 \times 10^{6} \times 10^{-4}}{2} = 4\pi^2 \times 10^{-5}$$
Since $\pi^2 \approx 9.87$:
$$M \approx 4 \times 9.87 \times 10^{-5} = 39.48 \times 10^{-5} \approx 3.9 \times 10^{-4}\text{ H}$$
Step 4: Conclusion
The calculation matches the value $3.9\times10^{-4}\text{ H}$.
Final Answer: (B)