Concept:
For a charged particle to move without acceleration,
\[
\vec F=q(\vec E+\vec v\times\vec B)=0.
\]
Hence,
\[
\vec E+\vec v\times\vec B=0.
\]
Therefore,
\[
\vec v\times\vec B=-\vec E.
\]
Step 1: Determine the direction of velocity.
Given,
\[
\vec E=2\times10^{3}\hat i,
\qquad
\vec B=5\times10^{-2}\hat j.
\]
We need
\[
\vec v\times\hat j=-\hat i.
\]
Using vector products,
\[
\hat k\times\hat j=-\hat i.
\]
Therefore,
\[
\vec v \parallel \hat k.
\]
Step 2: Find the magnitude of velocity.
Since \(\vec v\) is perpendicular to \(\vec B\),
\[
E=vB.
\]
Hence,
\[
v=\frac{E}{B}.
\]
Substituting the given values,
\[
v
=
\frac{2\times10^{3}}
{5\times10^{-2}}.
\]
\[
v
=
\frac{2}{5}\times10^{5}.
\]
\[
v
=
0.4\times10^{5}.
\]
\[
v
=
4\times10^{4}\ \text{m s}^{-1}.
\]
Step 3: Write the velocity vector.
\[
\boxed{\vec v=4\times10^{4}\,\hat k\ \text{m s}^{-1}}
\]
\[
\boxed{\text{Answer = (C)}}
\]