Correct Answer - C
Because the plane of two ringns are mutually perpendicular and centres are coincident, hence `n` axis, which is passing through the centre of one of the rings and to its plane, will be along the diameter of other ring. Hence, moment of inertia of the system
`=I_(CM)+I_("diameter")=mr^(2)+(mr^(2))/2`
`=3/2mr^(2)`