Step 1: General equation of a conic.
The given equation is:
\[
49y^2 - 16x^2 = 784
\]
Divide the entire equation by 784 to simplify:
\[
\frac{49y^2}{784} - \frac{16x^2}{784} = 1
\]
\[
\frac{y^2}{16} - \frac{x^2}{49} = 1
\]
This is the standard form of a hyperbola.
Step 2: Identifying parameters for the hyperbola.
The standard form of a hyperbola is:
\[
\frac{y^2}{a^2} - \frac{x^2}{b^2} = 1
\]
From the equation, we have \( a^2 = 16 \) and \( b^2 = 49 \). Therefore, \( a = 4 \) and \( b = 7 \).
Step 3: Formula for the length of the latus rectum.
The formula for the length of the latus rectum of a hyperbola is given by:
\[
L = \frac{2b^2}{a}
\]
Step 4: Substituting values.
Substituting the values \( b = 7 \) and \( a = 4 \):
\[
L = \frac{2 \times 49}{4} = \frac{98}{4} = \frac{49}{2}
\]
Step 5: Conclusion.
The length of the latus rectum is \( \frac{49}{2} \), so the correct answer is option (A).