The compound that forms from potassium and chromate is Potassium Chromate (K₂CrO₄)
This compound has a yellow lime color and is used in enamels, leather finishes, stainless steels and for the identification of silver ion in a silver nitrate solution. It is a powerful oxidizing agent and is produced by the treatment of potassium chromate with potassium hydroxide. It is a very toxic compound an is a known carcinogenic agent.
The first option is the correct. Since we know the mass of one atom of Fe is 56 and that of Cl2 atoms is 71 (one atom has 35.5 mass) hence both of them will be consumed