In an equilateral triangle, the relationship between the area of the inscribed circle and the area of the circumscribed circle is a classic problem. Let's break it down:
1. Let the side length of the equilateral triangle be \(a\).
2. The radius \(r_i\) of the inscribed circle (incircle) is given by:
\[
r_i = \frac{a \sqrt{3}}{6}
\]
The area of the inscribed circle \(A_i\) is:
\[
A_i = \pi r_i^2 = \pi \left( \frac{a \sqrt{3}}{6} \right)^2 = \frac{\pi a^2}{12}
\]
3. The radius \(r_c\) of the circumscribed circle (circumcircle) is given by:
\[
r_c = \frac{a}{\sqrt{3}}
\]
The area of the circumscribed circle \(A_c\) is:
\[
A_c = \pi r_c^2 = \pi \left( \frac{a}{\sqrt{3}} \right)^2 = \frac{\pi a^2}{3}
\]
4. The ratio of the area of the inscribed circle to the area of the circumscribed circle is:
\[
\text{Ratio} = \frac{A_i}{A_c} = \frac{\frac{\pi a^2}{12}}{\frac{\pi a^2}{3}} = \frac{1}{4}
\]
Thus, the correct answer is (C).