While applying Fleming's Right-Hand Rule for finding the direction of induced emf, the thumb of the right-hand points in the direction of the motion of the conductor relative to the magnetic field.

If the forefinger points in the direction of the generated emf, then the middle finger will point in the direction of the magnetic flux. This is because the direction of the induced emf is perpendicular to both the direction of the magnetic field and the direction of the motion of the conductor, as determined by the right-hand rule.

Therefore, the correct statement is: "While applying Fleming's Right-Hand Rule for finding the direction of induced emf, the thumb points in the direction of the motion of the conductor relative to the magnetic field, and the forefinger points in the direction of the generated emf. The middle finger will point in the direction of the magnetic flux."