Step 1: Identify the constraint.
Block A pulls the string horizontally while block B hangs from the other end over a pulley. Because the string is inextensible, only the component of A's velocity along the string direction actually shortens the string and lifts B.
Step 2: Resolve the velocity.
If the string from A to the pulley makes an angle $\theta$ with the direction A is moving, the speed at which that side of the string shortens is $v_A\cos\theta$, and this must equal the speed of B, $v_B = v_A\cos\theta$.
Step 3: Use the geometry of the setup.
The figure fixes this angle at $60^\circ$, so $\cos\theta = \frac{1}{2}$.
Step 4: Compute the answer. \[ v_B = 10\text{ ms}^{-1}\times\frac{1}{2} = 5\text{ ms}^{-1} \]
\[ \boxed{v_B = 5\text{ ms}^{-1}} \]