Alternating current (AC) is an electric current which periodically reverses direction, which means voltage or current changes polarity or direction, respectively, over time. An AC waveform can be sinusoidal, square, or sawtooth-shaped.
Induced current is the current induced in a conducting loop if it is exposed to a changing magnetic field.The strength of the current will vary in proportion to the change of magnetic flux, and the direction of the current is in such a way that it generates a magnetic field that opposes the change in the field that generated it.Induced current can be AC or Dc depending on the magnetic flux.