There are three types of questions in IQ portion. If any one of you has given ISPR test before then it would be much easier to solve. However talking about the questions, you will find three types which will be solved in different ways.
(These are not official test categories; I have made just to explain easily)
Now what you actually have to do is that find the secret coding present in alphabets, write it on page and make the next sequence according to it.
B = P
Now here Ans is CLUB. The reason for it is that all other three things are related to studying but a club is not study-related thing.