Magnetism And Matter — Physics STD 12 Science — Question

The position of the points lying on the equator of a magnetic dipole is called the broadside$-$on position. In our case, the point on the loop $($after replacement of the circular loop with an equivalent magnetic dipole$)$ lies on the equatorial position of the equivalent magnetic dipole. Hence, the point lies on the broadside$-$on position.
If $P$ was the point on the loop, then it is clear from the figure that point $P$ lies on the broadside$-$on position of the equivalent magnetic dipole.