Correct option is B
Given: GXB, JVD, MTF, PRH, ?

Logic: 1st letter + 3, 2nd letter - 2 and 3rd letter + 2 place.
For, 1st letter
G + 3 = J, J + 3 = M, M + 3 = P, P + 3 = S
For, 2nd letter
X - 2 = V, V - 2 = T, T - 2 = R, R - 2 = P
For, 3rd letter
B + 2 = D, D + 2 = F, F + 2 = H, H + 2 = J
So, the missing term is SPJ.
Thus, correct option is (b).