we are storing exponent in 1's complement form so, with n bits, we can represent numbers between
-2n-1-1 to +2n-1-1. So, with 4 bits we can have numbers between -7 to +7(decimal of course).
Numbers will be of the form (-1)sign *(1.Mantissa)* 2exponent
So, the smallest positive normalized number would be, 0(+ ve sign) 1000(exponent, -7 in decimal) 000(mantissa 0 in decimal) which is +1.0 * 2-7 (option A)
The smallest normalized number would be, 1(- ve sign) 0111(exponent, 7 in decimal) 111(mantissa 7 in decimal)
which is -1.111*27=11110000 = -240. (option D)
Largest would be the same with opposite sign so +240.(option D).