Concept:
Magnetic moment of a current loop is
\[
M=NIA
\]
where \(N\) is the number of turns and \(A\) is the area of each turn.
Step 1: Express area in terms of total wire length.
If the wire makes \(N\) circular turns,
\[
L=N(2\pi r)
\]
\[
r=\frac{L}{2\pi N}.
\]
Area of each turn:
\[
A=\pi r^2
\]
\[
=
\pi
\left(
\frac{L}{2\pi N}
\right)^2
\]
\[
=
\frac{L^2}{4\pi N^2}.
\]
Step 2: Write magnetic moment.
\[
M
=
NIA
\]
\[
=
N I
\left(
\frac{L^2}{4\pi N^2}
\right)
\]
\[
=
\frac{IL^2}{4\pi N}.
\]
Step 3: Determine the value of \(N\).
\[
M\propto\frac1N.
\]
Hence magnetic moment is maximum when \(N\) is minimum.
The smallest possible number of turns is
\[
N=1.
\]
\[\begin{aligned}
\boxed{1}
\end{aligned}\]
Hence, option \(\mathbf{(A)}\) is correct.