With my logic I got C, but the answer is A. Does this have something to do with the ring being split, or am I just stuffing up induction?
Definitely a seriously tricky question! What you have to remember is that a current will only be induced where there is a change in flux, or basically a 'change in the shit going on between magnetic fields'. In this case, where does the actual CHANGE occur? Only when entering, and leaving, the field! When the magnet swings entirely into the field, nothing is in essence 'changing'. Change only occurs when the number of field lines going through the magnet changes. Thus, there should be two peaks (one for the magnet swinging in, one for the magnet swinging out). Naturally, they will have different signs.