Concept:
• Escape velocity is the minimum speed required for a body to escape the gravitational field of a planet without further propulsion.
• The escape velocity from the surface of a planet is given by
\[
v_e=\sqrt{\frac{2GM}{R}}
\]
where \(M\) is the mass of the planet and \(R\) is its radius.
• For planets having equal masses, escape velocity varies inversely as the square root of the radius.
Step 1: Write the escape velocity for planet \(P_1\)
For planet \(P_1\),
\[
v_1=\sqrt{\frac{2GM}{R_1}}
\]
where \(M\) is the mass of the planet.
Step 2: Write the escape velocity for planet \(P_2\)
For planet \(P_2\),
\[
v_2=\sqrt{\frac{2GM}{R_2}}
\]
Since both planets have equal masses, the value of \(M\) remains the same.
Step 3: Take the ratio of the two escape velocities
Dividing the two expressions,
\[
\frac{v_2}{v_1}
=
\sqrt{
\frac{\frac{2GM}{R_2}}
{\frac{2GM}{R_1}}
}
\]
\[
\frac{v_2}{v_1}
=
\sqrt{\frac{R_1}{R_2}}
\]
Step 4: Substitute the given relation between radii
Given,
\[
R_2=\frac{R_1}{2}
\]
Substituting,
\[
\frac{v_2}{v_1}
=
\sqrt{
\frac{R_1}
{R_1/2}
}
\]
\[
\frac{v_2}{v_1}
=
\sqrt{2}
\]
Step 5: Write the final result
Therefore,
\[
\boxed{\frac{v_2}{v_1}=\sqrt{2}}
\]
Hence the correct option is
\[
\boxed{\text{Option (D)}}
\]