Concept:
Current gain is defined as
\[
A_I=\frac{I_o}{I_i}
\]
For a common-emitter transistor amplifier,
\[
I_c=h_{fe}I_b
\]
and
\[
I_e=I_c+I_b.
\]
Hence,
\[
I_e=(h_{fe}+1)I_b.
\]
Since the input current is essentially the base current and the output current is the collector-side current delivered through the collector resistor, the current gain of the circuit becomes approximately
\[
A_I=h_{fe}+1.
\]
Step 1: Write the given transistor parameter.
From the figure,
\[
h_{fe}=120.
\]
Step 2: Apply the current gain relation.
For this CE amplifier,
\[
A_I=h_{fe}+1.
\]
Substituting the value,
\[
A_I=120+1.
\]
\[
A_I=121.
\]
Step 3: State the result.
Therefore,
\[
\boxed{A_I=121}
\]
Hence the correct option is
\[
\boxed{(D)\;121}
\]