Consider a rectangular loop moving out of a uniform magnetic field region into a field-free region at a constant velocity. Which statement about the induced current is correct?
As the loop moves out of the field, the magnetic flux decreases. According to Lenz's law, the induced current will flow in a direction that creates a magnetic field to oppose this decrease, meaning it will try to 'pull' the loop back into the field, or effectively, try to keep the flux from decreasing. (Refer to NCERT Example 6.4 (ii & iii), where outward motion causes a decrease in flux, and induced current flows to oppose this decrease.)