What you did with 4y/4=(-5x+12)/4 is to rewrite the original equation in point-slope form, and did not look for a new line. While this (same) line intersects the original line at (2,1/2), it intersects at ALL other points as well, so does not qualify as a good answer.
When two lines intersect at a single point, they must be not parallel to each other, much less identical. So you're looking at A, B or C. To check if the point (2, 1/2) lies on the line, substitute x=2 or y=1/2 in the equation and see if the other variable agrees.
Example, for B.
2y=3-x (substitute x=2) => 2y=3-2=1 => y=1/2, agrees with point where y=1/2. Since slope is (-1)/2=-1/2 ≠ -5/4, so B is a solution.
You will need to check the same way for A and C to find that the point (2,1/2) does not lie on either line, so they are not solutions.
Recall that D is eliminated because it is a line coincident with the given line.