The quantum description of an atom with a magnetic quadrupole moment in the presence of a time-dependent magnetic field is analysed. It is shown that the time-dependent magnetic field induces an electric field that interacts with the magnetic quadrupole moment of the atom and gives rise to a Landau-type quantization. It is also shown that a time-independent Schrödinger equation can be obtained, i.e., without existing the interaction between the magnetic quadrupole moment of the atom and the time-dependent magnetic field, therefore, the Schrödinger equation can be solved exactly. It is also analysed this system subject to scalar potentials.