Concept:
In an inelastic collision, linear momentum is conserved but kinetic energy is not conserved.
Step 1: Conservation of linear momentum.
For an isolated system:
\[
\text{Initial momentum}=\text{Final momentum}
\]
So linear momentum is conserved.
Step 2: Kinetic energy in inelastic collision.
In an inelastic collision, some kinetic energy is converted into heat, sound, deformation energy, etc.
Therefore:
\[
K_i\neq K_f
\]
Step 3: Total energy.
Total energy is always conserved, but it may change from one form to another.
Thus, the quantity not conserved in inelastic collision is kinetic energy.
\[
\therefore \text{Correct Answer is (B)}
\]