Step 1: Formula for range of voltmeter.
The range of a voltmeter is determined by its internal resistance and the resistance connected in series. If \( R_v \) is the resistance of the voltmeter and \( R_s \) is the series resistance, the total range is given by:
\[
\text{Range} = V \times \frac{R_s + R_v}{R_s}
\]
Step 2: Given conditions.
- When \( R_s = 50 \, \Omega \), the range is \( V \).
- When \( R_s = 500 \, \Omega \), the range becomes \( 2V \).
Using the equation for the range, we can set up the following ratios:
\[
\frac{R_s + R_v}{R_s} = 1 \quad \text{and} \quad \frac{R_s + R_v}{R_s} = 2
\]
Solving these equations gives:
\[
R_v = 400 \, \Omega
\]
Step 3: Conclusion.
Thus, the resistance of the voltmeter is \( 400 \, \Omega \), which corresponds to option (B).