CONCEPT: Lenz's Law: This law states that the direction of the current induced in a conductor by a changing magnetic field is such that the magnetic field created by the induced current opposes the initial changing magnetic field. Rule of determining the polarity at the ends of the current-carrying coil: If at any end of the coil the current is clockwise, then the face of the coil towards the observer behaves as a south pole. If at any end of the coil the current is anti-clockwise, then the face of the coil towards the observer behaves as a north pole. [ alt="F1 Shraddha Prabhu 07.09.2021 D4" src="//storage.googleapis.com/tb-img/production/21/09/F1_Shraddha_Prabhu_07.09.2021_D4.png" style="width: 206px; height: 169px;"> [ alt="F1 Shraddha Prabhu 07.09.2021 D5" src="//storage.googleapis.com/tb-img/production/21/09/F1_Shraddha_Prabhu_07.09.2021_D5.png" style="width: 177px; height: 169px;">​ ​EXPLANATION: We know that when a magnet is moved axially towards or away the coil, then according to Lenz's law the direction of the current in the coil will be such that the polarity generated on the magnet side of the coil must oppose the motion of the magnet. When the north pole of a magnet is moved axially towards a coil, then the polarity on the magnet side of the coil must be the north pole so that it can oppose the north pole of the magnet. For this, the direction of the current will be anticlockwise when viewed from the magnet side. When the north pole of a magnet is moved axially away from a coil, then the polarity on the magnet side of the coil must be the south pole so that it can attract the north pole of the magnet. For this, the direction of the current will be clockwise when viewed from the magnet side. When the south pole of a magnet is moved axially towards a coil, then the polarity on the magnet side of the coil must be the south pole so that it can oppose the north pole of the magnet. For this, the direction of the current will be clockwise when viewed from the magnet side. When the south pole of a magnet is moved axially away from a coil, then the polarity on the magnet side of the coil must be the north pole so that it can oppose the north pole of the magnet. For this, the direction of the current will be anticlockwise when viewed from the magnet side. Hence, option 2 is correct.