Given figure shows a plane coil is moving with velocity v with respect to N-pole of a bar magnet. The correct interpretation of induced current is given in figure:
Answer & explanation
Correct answer: option 3
If a coil will move towards north pole then north pole will repel it i.e Coil will behave like a north pole.
$\Rightarrow \text{ Anticlockwise current will flow in it.}$
If a coil will move away from north pole then north pole will attract it i.e Coil will behave like a Sout pole.
$\Rightarrow \text{ clockwise current will flow in it.}$