Step 1: Understanding the question.
The particle starts from rest and moves under constant angular acceleration \( \alpha \) along a circular path of radius \( r \). We need to find the magnitude of the average velocity for a small angular displacement \( \theta \).
Step 2: Formula for average velocity.
The average velocity \( v_{\text{avg}} \) in terms of angular displacement and acceleration is given by the relation:
\[
v_{\text{avg}} = \frac{\text{total displacement}}{\text{time taken}} = \frac{r \theta}{t}
\]
From the equations of motion, we know that for angular displacement \( \theta \) under constant angular acceleration \( \alpha \), the time taken \( t \) is:
\[
t = \sqrt{\frac{2 \theta}{\alpha}}
\]
Step 3: Substituting the value of \( t \).
Substitute the expression for \( t \) into the formula for \( v_{\text{avg}} \):
\[
v_{\text{avg}} = \frac{r \theta}{\sqrt{\frac{2 \theta}{\alpha}}} = r \left( \frac{\alpha \theta}{2} \right)^{1/2}
\]
Step 4: Conclusion.
Thus, the correct expression for the average velocity is \( r \left( \frac{\alpha \theta}{2} \right)^{1/2} \), corresponding to option (D).