A loop of irregular shape, of area 10-5 m2 , carries a current of 8A. The flow of current appears to be clockwise to an observer. The magnetic moment of current loop is
(1) 0.8 x 10-4 Am2 and is directed away from the observer
(2) 0.8 x 10-4 Am2 and is in the plane of the loop
(3) 0.8 x 10-4 Am2 and is directed towards the observer, perpendicular to the plane of the loop
(4) 0.8 x 10-4 Am2 and is directed away from the observer perpendicular to the plane of the loop