Step 1: {Using Faraday’s Law}
\[
{Average emf}, \varepsilon = -\frac{\Delta \Phi}{\Delta t}
\]
Step 2: {Calculating the Magnetic Flux}
\[
\Phi = B A \cos \theta
\]
\[
\Phi = 4 \times (2.5 \times 2) \times \cos 60^\circ
\]
\[
\Phi = 4 \times 5 \times \frac{1}{2} = 10
\]
Since the loop is removed completely,
\[
\Delta \Phi = 10 - 0 = 10
\]
Step 3: {Finding Average emf}
\[
\varepsilon = -\frac{10}{10} = -1 { V}
\]
Since the direction of emf is not specified, we take magnitude:
\[
\varepsilon = 1 { V}
\]
Thus, the correct answer is \( +1 \) V.