Step 1: Concept
Flux $\Phi = N B A \cos \theta$.
Step 2: Analysis
$N = 100, A = 0.02, B = 1$. Since the plane is perpendicular, the normal is parallel to $B$ ($\theta = 0^\circ$).
Step 3: Calculation
$\Phi = 100 \times 1 \times 0.02 \times 1 = 2\ Wb$.
Final Answer: (C)