The correct option is C R√3
Magnetic field on the axis of current carrying circular loop,
B1=μ04π.2M(r2+x2)32 …(i)
Magnetic field at the centre of current carrying circular loop,
B2=μ04π.2Mr3 …(ii)
From Eqs. (i) and (ii),
B2B1=(r2+x2)32r3
B2B1=(x2+R2R2)32
⇒(x2+R2R2)32=8
⇒x2+R2R2=4
⇒x=√3R