Concept:
For a body moving in a vertical circle, the minimum speed at the highest point occurs when the tension in the string just becomes zero.
Hence,
\[
T=0.
\]
Applying Newton's second law at the highest point,
\[
mg=\frac{mv_t^2}{r}.
\]
Therefore,
\[
\boxed{v_t=\sqrt{gr}}
\]
where
\[
v_t=\text{Speed at the highest point},
\]
\[
r=\text{Radius of the circular path}.
\]
Using the law of conservation of mechanical energy between the lowest and the highest points,
\[
\frac12 mv_b^2
=
\frac12 mv_t^2
+
mg(2r),
\]
where
\[
v_b=\text{Speed at the lowest point}.
\]
This gives
\[
\boxed{v_b=\sqrt{5gr}}.
\]
Step 1: Write the given data.
Given,
\[
r=64\,cm=0.64\,m,
\]
\[
g=10\,m/s^2.
\]
Step 2: Determine the minimum speed at the highest point.
Since the string is just taut,
\[
T=0.
\]
Hence,
\[
v_t=\sqrt{gr}.
\]
Substituting,
\[
v_t
=
\sqrt{10\times0.64}
=
\sqrt{6.4}
=
2.53\,m/s.
\]
Step 3: Apply conservation of mechanical energy.
Using,
\[
v_b=\sqrt{5gr},
\]
we get
\[
v_b
=
\sqrt{5\times10\times0.64}.
\]
\[
v_b
=
\sqrt{32}.
\]
Therefore,
\[
v_b
=
5.66\,m/s.
\]
Thus,
\[
\boxed{v_b=5.66\,m/s.}
\]
Hence, the correct answer is
\[
\boxed{\textbf{Option (B)}}.
\]
Important Observation:
Using the standard theory of vertical circular motion,
\[
\boxed{v_{\text{bottom}}=\sqrt{5gr}}
\]
For
\[
r=0.64\,m,
\]
the minimum speed at the lowest point is
\[
\boxed{5.66\,m/s.}
\]
Thus, Option (B) is mathematically correct.