A wire cd of length l , mass m, is sliding without friction on conducting rails ax and by as shown in figure. The vertical rails are connected to one another via an external resistance R. The entire circuit is placed in a region of space having a uniform magnetic field B. The field is ⊥ to the plane of circuit & directed outwards. The steady speed of rod cd is
                
                  
Magnetic force -
- wherein
B Magnetic field
R Resistance
V Velocity
 In steady state 
 magnetic force 
Option 1)
This solution is incorrect.
Option 2)
This solution is correct.
Option 3)
This solution is incorrect.
Option 4)
This solution is incorrect.