Logic Tip: Memorize the critical velocities for vertical circles:
Top: $\sqrt{gr}$
Horizontal (midpoint): $\sqrt{3gr}$
Bottom: $\sqrt{5gr}$
If the calculated $v_{top} = \sqrt{10 \times 0.5} = \sqrt{5} \approx 2.23$ is not in the options, the question is asking for the initial launching velocity at the bottom!