Correct Answer - Option 2 : the same load is applied gradually.
Concept:
The maximum stress due to a suddenly applied load is twice the stress produced by a load of the same magnitude applied gradually
Mathematically,
In case of a bar, if A is the cross-section of the bar, and it is placed vertically with one end attached to ceiling
Then,
\(\sigma = \frac{P}{A}\) ........................(Load P is applied gradually)
\(\sigma = \frac{{2P}}{A}\) .........................(Load P is applied suddenly)