Correct Answer - Option 1 : 4 pm
Time from 7 am to 4:15 pm = 9 hours 15 minutes = 555 minutes.
Now, 37/12 min of this watch = 3 min of correct clock.
555 minutes of this watch = {(3 × 12 × 555)/37} ÷ 60 = 9 hours of the correct clock.
Correct time is 9 hours after 7 am i.e. 4 pm.
Hence, the correct time will be 4 pm.