Since this is a multiple-choice question, we can check each option directly against both ratio conditions instead of solving equations from scratch.
Try option C: first person's weekly income is Rs. 6300. Since income ratio is $7:3$, one unit of ratio is $6300/7 = 900$, so the second person's income is $3 \times 900 = 2700$.
Each person saves Rs. 300, so expenses are: first person, $6300 - 300 = 6000$; second person, $2700 - 300 = 2400$.
Check the expense ratio: $6000 : 2400$ simplifies by dividing both by 1200, giving $5 : 2$, exactly matching the condition given in the question.
Let's summarize:
Both conditions hold exactly, so option C, Rs. 6300, must be the weekly income of the first person.