For a pendulum bob the motion is a part of circular motion which is under the influence of gravity
So here we will have two acceleration at any instant of time
1. Centripetal acceleration which will maintain the circular path
2. tangential acceleration which will change the magnitude of the speed
so here the net acceleration of the pendulum will be the vector sum of both accelerations
So we will say that net acceleration at any instant will give the instantaneous rate of change in the velocity.
so correct answer will be
a is equal to the instantaneous rate of change in velocity.