it is a lousy question.... and i'd say there is not correct answer....
first one anwer choice is realy a hoax.... 15 cannot be the remainder of anything divided by 15....
also fresinha has started in the right direction but made a mistake...
it is correct (but not always helpful) to look at unit digits...
it is not correct to reduce 1993^1997 to 3^7...
unit digit of exponents of 3 shows periodicity of 4... 3,9,7,1,3,9,7,1...
so you can see what is the remainder when dividing the exponent by 4: for both 1997 and 1993 this is 1.
so the unit digit of 1993^1997 is same as 3^1=3
similarly for exponents of 7... there is periodicity 7,9,3,1...
and again the unit digit of 1997^1993 is same as 7^1=7
so the unit digits of M is 0.
but here fresinha made a small mistake...
if the unit digits is 0, then the remainder when dividing by 15 is either 0,5, or 10. which leaves us with no correct answer.
i say that this question is either from umreliable source or that there is a typo.