Step 1: Understanding the bridge formula.
In a meter bridge, the resistance ratio is given by:
\[
\frac{R_1}{R_2} = \frac{l}{L-l}
\]
where \( R_1 \) and \( R_2 \) are the resistances of the two wires, \( l \) is the length of the bridge where the null point is obtained, and \( L \) is the total length of the bridge.
Step 2: Calculating the specific resistance ratio.
We are given that the diameters of the wires are in the ratio 3:1, and the length at the null point is 40 cm. Using the formula for resistance, \( R = \rho \frac{l}{A} \), where \( \rho \) is the specific resistance and \( A \) is the cross-sectional area, we find the ratio of specific resistance as:
\[
\frac{\rho_A}{\rho_B} = \left(\frac{d_A}{d_B}\right)^2 = \left(\frac{3}{1}\right)^2 = 9
\]
Step 3: Conclusion.
The correct answer is (A) 8:1.