Concept:
A transmission line is characterized by primary constants: resistance ($R$), inductance ($L$), conductance ($G$), and capacitance ($C$). The characteristic impedance depends on these parameters.
Step 1: General formula.
\[
Z_0 = \sqrt{\frac{R + j\omega L}{G + j\omega C}}
\]
Step 2: Lossless condition.
For a lossless line:
\[
R = 0, \quad G = 0
\]
Step 3: Simplified formula.
\[
Z_0 = \sqrt{\frac{j\omega L}{j\omega C}} = \sqrt{\frac{L}{C}}
\]
Step 4: Conclusion.
Thus, the characteristic impedance of a lossless transmission line is $\sqrt{\dfrac{L}{C}}$.