Armature Current vs Field Current
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A synchronous-machine V-curve plots armature current against field current at constant mechanical load and terminal voltage. As excitation changes from under- to over-excited, armature current falls to a minimum near unity power factor and rises again, giving the V shape. Hence option A.

V-curve minimum approximately corresponds to unity power factor.
Do not confuse a V-curve with an inverted V-curve, which plots power factor versus field current.
V-curve minimum approximately corresponds to unity power factor.