Step 1: Write the potential at the centre of a square with corner charges.
For a square of side $a$, distance from centre to each corner: $r = \frac{a}{\sqrt{2}}$. Total potential from four charges $q$: $V = \frac{4kq}{a/\sqrt{2}} = \frac{4kq\sqrt{2}}{a}$.
Step 2: Express $V_1$ for the first square ($a_1 = 1$ m).
\[ V_1 = \frac{4kq\sqrt{2}}{1} = 4kq\sqrt{2} \]
Step 3: Express $V_2$ for the second square ($a_2 = 2$ m, same charges).
\[ V_2 = \frac{4kq\sqrt{2}}{2} = 2kq\sqrt{2} \]
Step 4: Compute the ratio.
\[ \frac{V_2}{V_1} = \frac{2kq\sqrt{2}}{4kq\sqrt{2}} = \frac{1}{2} \]
Step 5: Interpret: potential scales inversely with side length.
Doubling the side doubles each corner-to-centre distance, halving each charge's contribution and the total potential.
Step 6: State the final answer.
\[ \boxed{\frac{V_2}{V_1} = \frac{1}{2}} \]