Concept:
For an object moving in a vertical circle on a string, the critical condition for the string to just remain taut at the highest point (top) is that the tension $T \ge 0$. The minimum velocity at the \textit{top} to achieve this is $v_{top} = \sqrt{gr}$.
By applying the law of conservation of mechanical energy, the minimum velocity required at the \textit{bottom} to ensure the bob reaches the top and satisfies this condition is $v_{bottom} = \sqrt{5gr}$.
\textit{(Note: Based on the provided options, the question implies finding the necessary minimum velocity at the bottom to achieve the taut condition at the top.)}
Step 1: Identify the given parameters.
Length of the string (radius), $r = 50\text{ cm} = 0.5\text{ m}$
Acceleration due to gravity, $g = 10\text{ ms}^{-2}$
Step 2: Calculate the minimum required velocity at the bottom.
Use the standard formula for critical velocity at the lowest point of a vertical circle:
$$v_{bottom} = \sqrt{5gr}$$
Substitute the known values:
$$v_{bottom} = \sqrt{5 \times 10 \times 0.5}$$
$$v_{bottom} = \sqrt{5 \times 5}$$
$$v_{bottom} = \sqrt{25} = 5\text{ ms}^{-1}$$