The correct option is (a) transformation ratio reduces by the same value
Explanation: In a C.T., the transformation ratio is given by
R = n + ^Ie⁄Is
where, n is the turns ratio
Ie is the core loss component of the excitation current
Is is the secondary winding current
As the number of secondary turns is reduced by a factor of 1%, the transformation ratio (R) is reduced by approximately the same percentage.