Step 1: Understanding the half-life of insulin.
The half-life of insulin is relatively short compared to other hormones. It is typically around 5-6 minutes in the bloodstream after administration.
Step 2: Analyzing the options.
(1) \(<1 \, \text{min} \): Incorrect, insulin's half-life is longer than 1 minute.
(2) 5-6 mins: Correct — The half-life of insulin is approximately 5-6 minutes.
(3) 30-40 mins: Incorrect, insulin's half-life is much shorter.
(4) 1-2 hrs: Incorrect, this is far longer than insulin's actual half-life.
Step 3: Conclusion.
The correct half-life of insulin is (2) 5-6 mins.