Step 1: Write the formula for amplitude in damped oscillations.
For a damped oscillator, amplitude decreases exponentially with time:
\[
A=A_0e^{-\frac{bt}{2m}},
\]
where
\[
A_0=\text{initial amplitude},
\]
\[
b=\text{damping constant},
\]
and
\[
m=\text{mass of the block}.
\]
Step 2: Substitute the condition for half amplitude.
The amplitude becomes half of its initial value, so
\[
A=\frac{A_0}{2}.
\]
Thus,
\[
\frac{A_0}{2}=A_0e^{-\frac{bt}{2m}}.
\]
Canceling \(A_0\),
\[
\frac{1}{2}=e^{-\frac{bt}{2m}}.
\]
Taking natural logarithm on both sides,
\[
\ln\frac{1}{2}=-\frac{bt}{2m}.
\]
Since
\[
\ln\frac{1}{2}=-\ln2,
\]
we get
\[
\ln2=\frac{bt}{2m}.
\]
Therefore,
\[
t=\frac{2m\ln2}{b}.
\]
Step 3: Convert given quantities into consistent units.
Mass of the block is
\[
m=100\ \text{g}.
\]
Damping constant is
\[
b=69.3\ \text{g s}^{-1}.
\]
Since both are in gram-based units, we can use them directly in the formula.
Also,
\[
\ln2=0.693.
\]
Step 4: Calculate the time.
\[
t=\frac{2m\ln2}{b}.
\]
Substituting the values,
\[
t=\frac{2(100)(0.693)}{69.3}.
\]
\[
t=\frac{138.6}{69.3}.
\]
\[
t=2\ \text{s}.
\]
Step 5: Final conclusion.
Therefore, the time in which the amplitude drops to half of its initial value is
\[
\boxed{2\ \text{s}}
\]
Hence, the correct option is
\[
\boxed{(2)}
\]