A coil is placed in a magnetic field → B as shown below : A current...

Lenz's law state that the direction of the induced current is such that it opposes its cause of generation, so,

$\overset{\to}{B}$, must not be parallel to the plane of coil for non-zero flux and according to Lenz's law if $B$ is outward it should be decreasing for anticlockwise induced current.