The question wants clear and crisp understanding of cycle time, Clock cycles per second and Number of oscillations per second (Mhz)
First of all you need to calculate the number of total clock cycles involved which will be 1cc for accepting the starting address of the block, 3cc for fetching all the 8 words in the block.(log8=3, also 3cc is given in the question, but the question in GATE is always logical.) and finally 1cc per word required, so we have 8 words so 8*1cc = 8cc
In totality $1+3+8*1 = 12cc$
Now I clock cycles take $60*10^{_{6}}$ oscillations
$Time = \frac{12}{60*10^{_{6}}} seconds$
$Bandwidth =$ $\frac{Bytes Transferred}{Cycle time}$
$=\frac{32}{\frac{12}{60*10^{6}}}$
$= 160*10^{6}$