An electric circuit is composed of the three conducting rods MO, ON and PQ as shown in the figure. The resistance of the rods per unit length is λ. The rod PQ slides, as shown in the figure, at a constant velocity v, keeping its tilt angle relative to ON and MO fixed at 45∘. At each instance, the circuit is closed. The whole system is embedded in a uniform magnetic field B, which is directed perpendicularly into the page. Compute the time dependent induced electric current.