A rectangular loop has a sliding connector PQ of length $\ell$ and resistance $R\,\Omega$ and it is moving with a speed v as shown. The set-up is placed in a uniform magnetic field going into the plane of the paper. The three currents $I_1,\, I_2$ and $I$ are
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.