Step 1: Use the temperature dependence of resistance.
The resistance at temperature \(t\) is
\[
R_t=R_0(1+\alpha t),
\]
where
\[
R_0
\]
is the resistance at
\[
0^\circ\text{C}.
\]
Step 2: Determine the resistance at \(0^\circ\text{C}\).
The increase in resistance is
\[
R_{1000}-R_0
=
R_0\alpha(1000).
\]
Given,
\[
R_{1000}-R_0=25\,\Omega,
\]
and
\[
\alpha=1.25\times10^{-4}\,^\circ\text{C}^{-1}.
\]
Thus,
\[
25
=
R_0(1.25\times10^{-4})(1000),
\]
\[
25
=
0.125R_0,
\]
\[
R_0
=
200\,\Omega.
\]
Step 3: Calculate the current.
Using Ohm's law,
\[
I=\frac{V}{R}.
\]
Therefore,
\[
I
=
\frac{240}{200}
=
1.2\,\text{A}.
\]
Hence,
\[
\boxed{I=1.2\,\text{A}.}
\]
Therefore, the correct option is \(\boxed{(B)}\).