A conducting circular loop is placed in a uniform magnetic field $0.04\, T$ with its plane perpendicular to the magnetic field. The radius of the loop starts shrinking at $2\, mm/s.$ The induced emf in the loop when the radius is $2\, cm$ is
Electromagnetic Induction is a current produced by the voltage production due to a changing magnetic field. This happens in one of the two conditions:-
When we place the conductor in a changing magnetic field.
When the conductor constantly moves in a stationary field.