There are three wire MO, NO and PQ, wires MO and NO are fixed and perpendicular to each other. Wire PQ moves with a constant velocity v as shown in the figure and resistance per unit length of each wire is\[\lambda \]and magnetic field exists perpendicular and inside the paper then. Which of the following is wrong?

• A. current in loop is anticlockwise
• B. magnitude of current in the loop is\[\frac{Bv}{\lambda (\sqrt{2}+1)}\]
• C. current in the loop is independent of time.
• D. magnitude of current decreases as time increases.