From the choices provided, the better answer is ' T ' .
Answer:
emf will also be 10 times less as compared to when it has fallen 
Explanation:
We know, from faraday's law-

and 
So, as the height increases the velocity with which it will cross the ring will also increase. 
Given


Now, from 

From equation a and b we see that velocity when dropped from
is 10 times greater when height is 40
so, emf will also be 10 times less as compared to when it has fallen 