Correct option is C
Given: DWIK, HUML, LSQM, PQUN, TOXO

Logic: 1st letter + 4, 2nd letter - 2, 3rd letter + 4 and 4th letter + 1 place.
For, 1st letter
D + 4 = H, H + 4 = L, L + 4 = P, P + 4 = T
For, 2nd letter
W - 2 = U, U - 2 = S, S - 2 = Q, Q - 2 = O
For, 3rd letter
I + 4 = M, M + 4 = Q, Q + 4 = U, U + 4 X
For, 4th letter
K + 1 = L, L + 1 = M, M + 1 = N, N + 1 = O
So, TOXO is wrong term in the series.
Thus, correct option is (c).