The minute hand is pointing at the 20.
The tricky part about this question is figuring out where the hour hand is when the time is 2:20, but we can think about it this way:
The hour hand is 2hr+20min past noon. That's 140 minutes past noon.
There are 12*60=720 minutes in a 12 hour cycle, so the hour hand has gone 140/720 of a cycle around the clock.
Does this help?