Step 1: Flux Change
As the electron approaches the loop, the magnetic flux linked with the loop increases.
Step 2: Approaching Phase
Lenz's law dictates a current is induced to oppose this increase, creating a clockwise current.
Step 3: Receding Phase
As the electron moves away, the flux decreases, inducing an anticlockwise current to oppose the decrease. Thus, the direction is variable.
Final Answer: (a)