Some monitors show information in the menu, mine is showing 720x480p and a message "use 1920x1200 for best experience".
You can also tell by the size of pixels that they are not 1080p, they are much larger. And there is an option "force VGA" which should switch to 480p resolution, if it looks exactly the same, then it is 480p all the time..
I don't have any capture card unfortunately, but I've tried two monitors.. all the same.