Final answer:
When a magnet is moved towards a metallic ring with a cut in it, an induced voltage is created but there is no induced current due to the absence of a complete path.
Step-by-step explanation:
When a magnet is moved towards a metallic ring with a cut in it, there is an induced voltage in the ring but there is no induced current.
This is because the changing magnetic field due to the approaching magnet induces a voltage in the ring according to Faraday's law of electromagnetic induction. However, since the ring is not complete due to the cut, there is no closed path for the induced current to flow.
In other words, the induced voltage creates an electric potential difference across the cut but there is no continuous path for the charges to flow and form an induced current.
Learn more about Electromagnetic induction