Step 1: Formula for induced emf.
The emf induced in the secondary coil is given by:
\[
\text{emf} = -M \frac{dI}{dt}
\]
where \( M \) is the mutual inductance, \( dI \) is the change in current, and \( dt \) is the time interval. Substituting the given values, we get the induced emf.
Step 2: Conclusion.
Thus, the induced emf in the secondary coil is \( 1 \times 10^5 \) V. Hence, the correct answer is option (B).
Final Answer:
\[
\boxed{1 \times 10^5 \, \text{V}}
\]