Correct option is B

First letter analysis: Y → V → S → P → ?
Y - 3 = V
V - 3 = S
S - 3 = P
P - 3 = M
So, the first letter is M.
Now for the second letter: F → J → N → R → ?
F + 4 = J
J + 4 = N
N + 4 = R
R + 4 = V
So, the second letter is V.
And for the third letter: D → A → X → U → ?
D - 3 = A
A + 23 = X (looping through the alphabet)
X - 3 = U
U - 3 = R
So, the third letter is R.
The next term in the series is MVR.
Thus, the correct answer is (B) MVR.