Step 1: Find the resistance of the circular wire.
Resistance of wire is
\[
R=\rho \frac{l}{A}
\]
Diameter of circular loop:
\[
D=10\ \text{cm}=0.10\ \text{m}
\]
Length of wire:
\[
l=\pi D=\pi(0.10)
\]
\[
l=0.10\pi\ \text{m}
\]
Diameter of wire:
\[
d=2\ \text{mm}=2\times 10^{-3}\ \text{m}
\]
Radius of wire:
\[
r=1\times 10^{-3}\ \text{m}
\]
Area of cross-section:
\[
A=\pi r^2
\]
\[
A=\pi(10^{-3})^2
\]
\[
A=\pi\times 10^{-6}\ \text{m}^2
\]
Now,
\[
R=2\times 10^{-8}\times \frac{0.10\pi}{\pi\times 10^{-6}}
\]
\[
R=2\times 10^{-8}\times 10^5
\]
\[
R=2\times 10^{-3}\ \Omega
\]
Step 2: Find the induced emf.
Using Ohm's law,
\[
\varepsilon=IR
\]
Given:
\[
I=11\ \text{A}
\]
So,
\[
\varepsilon=11\times 2\times 10^{-3}
\]
\[
\varepsilon=22\times 10^{-3}
\]
\[
\varepsilon=0.022\ \text{V}
\]
Step 3: Use Faraday's law of electromagnetic induction.
Since magnetic field is perpendicular to the plane of loop,
\[
\varepsilon=A_{\text{loop}}\frac{dB}{dt}
\]
Radius of loop:
\[
R_{\text{loop}}=\frac{10}{2}\ \text{cm}=5\ \text{cm}=0.05\ \text{m}
\]
Area of loop:
\[
A_{\text{loop}}=\pi R_{\text{loop}}^2
\]
\[
A_{\text{loop}}=\pi(0.05)^2
\]
\[
A_{\text{loop}}=0.0025\pi\ \text{m}^2
\]
Step 4: Find the rate of change of magnetic field.
\[
\frac{dB}{dt}=\frac{\varepsilon}{A_{\text{loop}}}
\]
\[
\frac{dB}{dt}=\frac{0.022}{0.0025\pi}
\]
Using
\[
\pi\approx 3.14,
\]
\[
\frac{dB}{dt}=\frac{0.022}{0.00785}
\]
\[
\frac{dB}{dt}\approx 2.8\ \text{Ts}^{-1}
\]
Step 5: Final conclusion.
Hence, the required rate of change of magnetic field is
\[
\boxed{2.8\ \text{Ts}^{-1}}
\]