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:

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.

$\Rightarrow \text{ clockwise current will flow in it.}$