Given:
- The object distance \( u = -0.2 \, \text{m} \) (negative because the object is placed on the same side as the incident light).
- The magnification \( M = 0.5 \).
- The image is virtual, which implies a positive magnification for a concave lens.
Step 1: Use the magnification formula
The magnification \( M \) for a lens is given by the formula:
\[
M = \frac{v}{u}
\]
Where:
- \( v \) is the image distance.
- \( u \) is the object distance.
Substitute the known values:
\[
0.5 = \frac{v}{-0.2}
\]
Solving for \( v \):
\[
v = 0.5 \times (-0.2) = -0.1 \, \text{m}
\]
Thus, the image distance \( v = -0.1 \, \text{m} \). The negative sign indicates that the image is virtual and formed on the same side as the object (characteristic of concave lenses).
Step 2: Use the lens formula to find the focal length
The lens formula is:
\[
\frac{1}{f} = \frac{1}{v} - \frac{1}{u}
\]
Where:
- \( f \) is the focal length of the lens.
- \( v \) is the image distance.
- \( u \) is the object distance.
Substitute the known values \( v = -0.1 \, \text{m} \) and \( u = -0.2 \, \text{m} \):
\[
\frac{1}{f} = \frac{1}{-0.1} - \frac{1}{-0.2}
\]
\[
\frac{1}{f} = -10 + 5 = -5
\]
Therefore:
\[
f = \frac{1}{-5} = -0.2 \, \text{m}
\]
The negative focal length indicates that the lens is a concave lens.
Step 3: Conclusion
Thus, the lens is a concave lens with a focal length of \( 0.2 \, \text{m} \).
The correct answer is:
\[
\boxed{(B) A concave lens of focal length 0.2 m.}
\]