Q.
The north pole of a magnet is falling on a metallic ring as shown in the figure. The direction of induced current, if looked from upside in the ring will be
By Lenz's law the direction of induced current in the ring is such as to oppose the falling of N-pole of the magnet.
So, the direction of induced current will be anti-clockwise, because the induced current makes the ring a magnetic dipole, with its N-pole upward which opposes (repel) the N-pole of falling magnet. Hence, the direction of the current in the ring will be anti-clockwise.