Step 1: Understanding the Concept
A Frenkel defect is also called a dislocation defect.
Step 2: Features
A smaller ion, usually the cation, leaves its regular site and occupies an interstitial position.
Step 3: Consequences
No ion leaves the crystal, so the density is unchanged and electrical neutrality is maintained.
Final Answer:
In a Frenkel defect an ion leaves its site and occupies an interstitial position.
\[ \boxed{\text{(B) }\text{It arises when an ion of an ionic compound is missing from its regular site and occupies an interstitial position.}} \]