The time period \( T \) of oscillation of a magnet in a vibration magnetometer is given by:
\[
T = 2\pi \sqrt{\frac{I}{mgh}}
\]
where \( I \) is the moment of inertia, \( m \) is the mass, \( g \) is the acceleration due to gravity, and \( h \) is the distance of the center of mass from the pivot.
When the magnet is cut along its length, the moment of inertia will change.
If the magnet is cut into three equal parts and stacked, the effective moment of inertia will be increased, leading to a change in the time period.
The new time period will be:
\[
T_{\text{new}} = \frac{2}{\sqrt{3}} \, T
\]
Substituting the given time period:
\[
T_{\text{new}} = \frac{2}{\sqrt{3}} \times 2 = \frac{2}{\sqrt{3}} \, \text{s}
\]
Thus, the correct answer is (c).