"What is the time?" is mostly questions we ask when we don't probably have a watch on us or perhaps a watch by our side to check time. So we ask someone with a watch the time. And per whatever time you receive, you're able to align yourself with the reality of that time to know what you should and not do or perhaps a place to be at. Spiritually, in your life's journey and purpose, there's a time! And it's time, you know what time or season it is you're in now!