Please give detailed solution for the given question. If the circular conducting loop in the figure is contracting and field is uniform, induced current will be in which direction?

Dear Student
As the area of loop increases with time, the magnetic flux through the loop will decrease with time. Closed conducting loops have some resistance to change in flux(self induction) so a circular current will be generated so as to resist change in flux. As the loop is placed on your screen and the magnetic field goes into the screen,an anticlockwise current will be produced. 

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