A rectangular wire loop of sides 8 cm and 3 cm with a small cut, is moving out of a region of uniform magnetic field of magnitude \(\)\(0 \cdot 3 \mathrm{~T} \) directed normal to the plane of the loop. The emf developed across the cut, if the velocity of the loop is \(2 \mathrm{~cm} \mathrm{~s}^{-1}\), in a direction normal to the shorter side of the loop will be:
1. \(4 \cdot 8 \times 10^{-4} \text { volt }\)
2. \(1 \cdot 3\times 10^{-4} \text { volt }\)
3. \(1 \cdot 2\times 10^{-4} \text { volt }\)
4. \(1 \cdot 8\times 10^{-4} \text { volt }\)