Question

A magnetic dipole of dipole moment .72 is placed horizontal

Answer 1

The direction of the magnetic moment is the direction of the area of the loop as defined by the right-hand rule. Curl the fingers of your right hand in the direction of the current flow. Your thumb points into the direction of the magnetic moment μ. The torque on a current loop can then be written as τ = μ × B.

Answer 2

When the magnet is such that its North faces the geographic south of earth. The neutral point lies along the axial line of the magnet.