The problem involves the interference pattern created by two coherent point sources $S_1$ and $S_2$ separated by a small distance $d$. When these sources emit waves that meet at a screen, they produce an interference pattern. Let's analyze the nature of this pattern.
Concept of Interference: Interference patterns depend on the path difference of the waves reaching a particular point on the screen. Constructive interference occurs where the path difference is an integral multiple of the wavelength, creating bright fringes.
Analysis of Interference from Point Sources:
Thus, in this configuration of two coherent point sources, the interference pattern formed on the screen will be concentric circles.
Let's justify why other given options are incorrect:
Given these explanations and the concept of interference from coherent sources, the interference pattern observed would be concentric circles, as indicated in the correct option.