Question

what is meant by induced current

Answer 1

current which flows in a coil of copper wire when a magnet is brought near the coil is called induced current.

Answer 2

" A changing magnetic field through a coil of wire therefore must induce an emf in the coil which in turn causes current to flow. The law describing induced emf is named after the British scientist Michael Faraday, but Faraday's Law should really be called Henry's Law."