Explanation:

We are given that age ratio of Honey: Piyush = 2: 3
Honey’s age = 2x and Piyush’s age = 3x
One year ago, their age was 2x and 3x.
Hence at present, Honey's age = 2x +1 and Piyush's age = 3x +1
After 5 years, Honey’s age = (2x +1) + 5 = (2x + 6)
Piyush's age = (3x +1) + 5 = (3x + 6)
After 5 years, this ratio becomes 4: 5. Therefore,
(2x+6) / (3x+6) = 4/5
10x + 30 = 12x + 24 ⇒ x = 3
Piyush's present age = (3x + 1) = (3x 3 + 1) = 10 years
Honey's present age = (2x + 1) = (2x 3 + 1) = 7 years

Hence, option 3 is the correct answer.