
(b) Equivalent resistance of the given. Wheatstone bridge circuit (balanced) is $3\Omega$ so total resistance in circuit is $R = 3 + 1 = 4\Omega$. The emf induced in the loop $e = Bvl$.
So induced current $i = \frac{e}{R} = \frac{Bvl}{R}$
$\Rightarrow 10^{- 3} = \frac{2 \times v \times ({10 \times 10}^{- 2})}{4} \Rightarrow v = 2cm/sec$