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A square metallic wire loop of side 0.1 m and resistance of 1Ω is moved with a constant velocity in a magnetic field of 2 wb/m2 as shown in figure. The magnetic field is perpendicular to the plane of the loop, loop is connected to a network of resistances. What should be the velocity of loop so as to have a steady current of 1mA in loop

(1) 1 cm/sec

(2) 2 cm/sec

(3) 3 cm/sec

(4) 4 cm/sec