Select the option that is related to the third term in the same way as the second term is related to the first term.
(The words should be considered as meaningful English words and should not be related to each other on the basis of number of letters/consonants/vowels in the word.)
INSECT : LARVA :: BUTTERFLY : ?

Correct option is B

Solution:
The logic follows here:
INSECT : LARVA → A larva is an insect at the stage of its life after it has developed from an egg and before it changes into its adult form.
Similarly,
BUTTERFLY : CATERPILLAR → A caterpillar is a butterfly at the stage of its life after it has developed from an egg and before it changes into its adult form.
Hence,  "CATERPILLAR" is the correct answer.