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Electromagnetic Induction question for JEE Main (JEE Main 2019 (12 Apr, Shift 1)), with solution

Q 12-06-142JEE MainJEE Main 2019 (12 Apr, Shift 1)Hard

The figure shows a square loop L of side $5$ cm which is connected to a network of resistances. The whole setup is moving towards the right with a constant speed of $1\ \text{cm s}^{-1}$. At some instant, a part of L is in a uniform magnetic field of $1$ T perpendicular to the plane of the loop. If the resistance of L is $1.7\ \Omega$, the current in the loop at that instant will be close to:

Square loop L of side 5 cm, its left side inside a uniform magnetic field out of the page, joined by leads to points B and D of a network: AB = 1 Ω, BC = 2 Ω, AD = 1 Ω, DC = 2 Ω and AC = 3 Ω; the setup moves right at 1 cm/s.
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