Step 1: Time Constant in \( L-R \) Circuit.
The time constant \( \tau \) of an \( L-R \) circuit is given by:
\[
\tau = \frac{L}{R}
\]
The current reaches \( 3/4 \) of its steady state value in 4 seconds, which is approximately the time constant \( \tau \). Thus, the time constant is \( \tau = \frac{2}{3} \) seconds.
Step 2: Conclusion.
The correct answer is (B), \( \frac{2}{3} \) sec.