Correct Answer - Option 4 : Cutting velocity will decrease and chattering reduces
Velocity (V) = ΠDN
Where D is diameter of object
N is spindle speed in revolution per minute
By turning operation diameter of object decreases i.e. cutting velocity decreases.
Chattering is too and fro motion of cutting tool during their operation. Chattering force is directly proportion to the cutting velocity. Since cutting velocity decreases therefore chattering reduces.