Select the option that is related to the fifth letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster and the fourth letter-cluster is related to the third letter-cluster.

ROSE: IVQS :: SUIT: XLWT :: TIME : ?

IPKU

Pattern followed here is :

ROSE: IVQS                                  &              SUIT: XLWT 

R(18) + 1 = (19)S                                    S(19)+ 1 = (20)T

O(15)+2 = (17)Q                                     U(21)+2 = (23)W

S(19)+3 = (22)V                                      I(9)+3 = (12)L

E(5)+4 = (9)I                                           T(20)+ 4 = (24)X

SQVI :- in reverse order = IVQS        TWLX :- in reverse order = XLWT

Similarly ,

TIME : ?

T(20)+1 = (21)U

I(9)+2 = (11)K

M(13)+3 = (16)P

E(5)+4 = (9)I

UKPI :- in reverse order = IPKU

IPKU is correct answer .