A clock in a Nagpur bank was set right at 7:00 a.m. It loses 3 minutes every hour and now reads as shown. What is the true time?

The clock reads 11:45, so it has advanced 4 h 45 min = 285 min. It runs 57 clock-minutes per true hour, so the true time passed is $285\times 60÷57=300$ min = 5 h. True time = 12:00 noon. (11:59 adds 3 min for each CLOCK hour; 11:30 subtracts the loss.)