Step 1: Understanding the Concept:
\(T = 2\pi\sqrt{\frac lg}\), so \(T \propto \frac{1}{\sqrt g}\). The value of \(g\) changes with distance \(r\) from the centre of the earth as \(g \propto \frac{1}{r^2}\).
Step 2: Key Formula or Approach:
At the surface, \(r = R\). At a height \(2R\) above the surface, \(r = 3R\).
Step 3: Detailed Explanation:
\(g_2 = g_1\left(\frac{R}{3R}\right)^2 = \frac{g_1}{9}\).
\[ \frac{T_1}{T_2} = \sqrt{\frac{g_2}{g_1}} = \sqrt{\frac19} = \frac13 \]
So \(T_1 : T_2 = 1 : 3\). The ratio \(1:2\) would come from taking the distance as \(2R\) instead of \(3R\), forgetting that the height is measured from the surface.
Final Answer:
\(T_1 : T_2 = 1 : 3\), option (B).
\[ \boxed{1:3} \]