We know that the induced EMF () is given by:
Where, , since we started off with B constant
Then,
Now,
In the case of the rectangular loop, the amount by which the surface changes as the loop moves out, is constant,
Therefore,
Whereas in case of circluar loop, the change of magnetic flux isn't constant since the surface of the circle doesn't change by equal amounts as the loop moves out:
Study 40% syllabus and score up to 100% marks in JEE