The correct option is B Zp.u,−Xp.u
We know approximate voltage regulation formula,
V.R.=Zp.u. cos(θeq−ϕ)
For maximum voltage regulation,
θeq−ϕ=0
V.R.=Zp.u. cos 0∘
=Zp.u.
For minimum voltage regulation,
ϕ=−90∘
V.R.=Zp.u. cos(90∘+θeq)
=−Zp.u. sin(θeq)
=−Xp.u.