The correct answer is (c) -hfe / (1 + ZL × hoe)
To elaborate: The current gain of a transistor amplifier circuit is expressed as -I2 / I1. This can be expressed in terms of transistor hybrid parameters. The current gain of a common emitter transistor amplifier in terms of hybrid parameters is expressed as -hfe / (1 + ZL × hoe), where ZL is the load impedance.