Answer
As per Lenz law, induced EMF will be such that it will oppose the motion of bar magnet . So, the clockwise current will be set up in the loop when seen from direction of velocity of bar magnet.
Work Step by Step
As per Lenz law, induced EMF will be such that it will oppose the motion of bar magnet . So, the clockwise current will be set up in the loop when seen from direction of velocity of bar magnet.