Step 1: Understanding the Question:
A potentiometer setup is used to determine the internal resistance of an electrochemical cell. Initially, the open-circuit cell balance length is $L_1 = 240\text{ cm}$. When a shunt resistor $R = 2\ \Omega$ is connected across the cell, the new balancing length drops to half its original value ($L_2 = \frac{L_1}{2} = 120\text{ cm}$). We need to find the internal resistance $r$ of the cell.
Step 2: Key Formula or Approach:
The standard potentiometer formula used to evaluate the internal resistance of a cell is:
$$r = R \left( \frac{L_1 - L_2}{L_2} \right)$$
where $L_1$ is the open-circuit balancing length and $L_2$ is the short-circuit (shunted) balancing length.
Step 3: Detailed Explanation:
Let's list the parameter values provided in the problem statement:
$$\text{Shunt resistance, } R = 2\ \Omega$$
$$\text{Initial balancing length, } L_1 = 240\text{ cm}$$
$$\text{New balancing length, } L_2 = \frac{240}{2} = 120\text{ cm}$$
Substitute these numbers into the internal resistance formula:
$$r = 2 \times \left( \frac{240 - 120}{120} \right)$$
$$r = 2 \times \left( \frac{120}{120} \right)$$
$$r = 2 \times 1 = 2\ \Omega$$
Step 4: Final Answer:
The internal resistance of the cell is $2\ \Omega$, which corresponds to option (D).