A current carrying circular loop is lying in a horizontal plane as shown in the diagram. Which of the following is the correct statement with respect to the…

upward at X and downward at Y

Reason — The current in the loop is in clockwise direction. By the right-hand thumb rule, if we curl our fingers in the direction of current, our thumb points along the magnetic field through the loop. For a clockwise current, the field inside the loop (point Y) is downward (into the plane). Magnetic field lines must return outside the loop, so outside (point X) they are in the upward direction (out of the plane).