A rod of length $\ell$, negligible resistance, and mass $m$ slides on two horizontal frictionless rails of negligible resistance by hanging a block of mass $m_{1}$ with the help of insulating a massless string passing through fixed massless pulley (as shown in Fig. 16.51). If a constant magnetic field $B$ acts upwards perpendicular to the plane of the figure, the terminal velocity of hanging mass is
(A) $\frac{m_{1} g R}{B^{2} l^{2}}$ upward
(B) $\frac{m_{1} g R}{B^{2} l^{2}}$ downward
(C) $\frac{m_{1} g R}{2 B^{2} l^{2}}$ downward
(D) $\frac{m_{1} g R}{B^{2} l}$ downward