Step 1: Understanding the formula for emf.
The emf of the galvanic cell is given by:
\[
E_{\text{cell}} = E^0(\text{cathode}) - E^0(\text{anode})
\]
Here, the cathode is copper (\( \text{Cu}^{2+}/\text{Cu} \)) and the anode is zinc (\( \text{Zn}^{2+}/\text{Zn} \)).
Step 2: Substituting the given values.
\[
E_{\text{cell}} = 0.337 - (-0.763) = 0.337 + 0.763 = 1.13 \, \text{V}
\]
Step 3: Conclusion.
The emf of the galvanic cell is \( \boxed{1.13} \, \text{V} \). The correct answer is (1) 1.13 V.