A bar magnet is moving near a ring. What is the direction of the induced current in the ring when:

(a) The magnet is moving towards the ring
According to Lenz’s Law, the ring will oppose the motion of the magnet by creating an induced current that produces a north pole on the side facing the approaching magnet. The induced current in the ring will be anticlockwise when viewed from above.

(b) The magnet is moving away from the ring
The ring will again oppose the motion by producing a south pole on the side facing the receding magnet. This will cause the induced current to be clockwise when viewed from above.