The ammeter, voltmeter and, resistors R1 and R2 connected in the circuit as shown below have been checked and found to be correct.
On plugging the key, the voltmeter reads 4.5 V but the ammeter reads 1.5 A. This is most likely because the wires joined to:
(1) resistor R1 and loose
(2) resistor R2 are loose
(3) both the resistors R1 and R1 are loose
(4) ammeter terminals are loose