Final answer:
The image formed when an object is placed inside the focal point of a diverging lens is virtual, upright, and reduced. It cannot be projected onto a screen as the magnification is positive but less than 1.
Step-by-step explanation:
If an object is placed inside the focal point of a diverging lens, the image produced is virtual, upright, and reduced. This is because rays coming from a point on the object diverge after passing through the lens and appear to originate from a point on the same side as the object. Hence, such an image cannot be projected onto a screen. A screen would only show diffuse light from the object, not the focused rays from the lens. The magnification for such an image is positive but less than 1. This describes a case 3 image typical of objects placed within the focal length of a diverging lens or a lens with negative focal length.
Therefore, the correct answer to the question is Option A: virtual, upright, and reduced.