To create a virtual Fiber Channel interface and associate it with an Ethernet physical interface, the correct configuration commands would be:
* Enter the interface configuration mode for the virtual Fiber Channel interface using the command interface vfc7.
* Bind the virtual Fiber Channel to the Ethernet interface using the command bind interface ethernet 1/7.
This configuration associates the virtual Fiber Channel interface with VSAN 7 and maps VLAN 700 to the VSAN, as required by the converged network adapter (CNA).
References := The explanation is based on standard practices for configuring virtual Fiber Channel interfaces in a Cisco environment, as detailed in Cisco's data center configuration guides and technical documentation.