The correct option is A Both Assertion and Reason are correct and Reason is the correct explanation for Assertion.
Potential energy of a current carrying loop in a magnetic field:
∴U=−→μ.→B=−μBcosθ
If the loop is rotated about an axis perpendicular to the plane of the loop, θ does not change.
Hence, →μ remains constant.
∴U does not change.
Thus, No work is done to rotate the loop.
Hence, option (a) is the correct alternative.