(N/A) The condition for electromagnetic induction to occur is that there must be a change in the magnetic flux linked with the coil.
This change in magnetic flux can be achieved by:
$(a)$ Relative motion between the coil and the magnet.
$(b)$ Changing the current in a nearby coil.
In the given scenario,when the cylindrical bar magnet is rotated about its own axis,the magnetic field lines associated with the magnet remain symmetric with respect to the axis of rotation. Consequently,the magnetic flux passing through the circular coil does not change over time. Since there is no change in the magnetic flux linked with the coil,no current will be induced in the coil.