A metal ring is dropped from rest below a bar magnet which is fixed in position

Question

A metal ring is dropped from rest below a bar magnet which is fixed in position as suggested in the figure. An observer views the ring from below. Which one of the following statements concerning this situation is true? As the ring falls, there will be an induced magnetic field around the ring which appears counterclockwise as viewed by the observer. As the ring falls, an induced current will flow clockwise as viewed by the observer. As the ring falls, an induced current will flow counterclockwise as viewed by the observer. Since the magnet is stationary, there will be no induced current in the ring. As the ring falls, there will be an induced magnetic field around the ring which appears clockwise as viewed by the observer.

Explanation / Answer

3rd option

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