Step 1: Find $[H^+]$
$pH = 2 \implies [H^+] = 10^{-2} = 0.01$ M.
Step 2: Formula
For a weak monobasic acid, $K_a = \frac{[H^+]^2}{C - [H^+]}$. Since $[H^+]$ is significant compared to $C$, we check: $K_a \approx \frac{[H^+]^2}{C}$.
Step 3: Calculation
$K_a = \frac{(0.01)^2}{0.08} = \frac{0.0001}{0.08} = \frac{1}{800} = 0.00125$.
$K_a = 1.25 \times 10^{-3}$.
Step 4: Conclusion
The ionisation constant is $1.25 \times 10^{-3}$.
Final Answer: (D)