Which of the following terms will replace the question mark (?) in the given series?
HMW, INX, JOY, ?

The correct option is KPZ.

Step-by-step explanation:

To find the missing term in the given series HMW, INX, JOY, ?, we can analyze the positional change of each letter in the English alphabetical order from one term to the next.

1. First letter of each term:
H ⇒ I ⇒ J ⇒ ?
• H is the 8th letter of the alphabet.
• I is the 9th letter of the alphabet ($8+1=9$).
• J is the 10th letter of the alphabet ($9+1=10$).
Following this pattern, adding 1 to the position of J gives the 11th letter:
$10+1=11$
The 11th letter of the alphabet is K.

2. Second letter of each term:
M ⇒ N ⇒ O ⇒ ?
• M is the 13th letter of the alphabet.
• N is the 14th letter of the alphabet ($13+1=14$).
• O is the 15th letter of the alphabet ($14+1=15$).
Following this pattern, adding 1 to the position of O gives the 16th letter:
$15+1=16$
The 16th letter of the alphabet is P.

3. Third letter of each term:
W ⇒ X ⇒ Y ⇒ ?
• W is the 23rd letter of the alphabet.
• X is the 24th letter of the alphabet ($23+1=24$).
• Y is the 25th letter of the alphabet ($24+1=25$).
Following this pattern, adding 1 to the position of Y gives the 26th letter:
$25+1=26$
The 26th letter of the alphabet is Z.

Combining the corresponding next letters from each step gives KPZ.

Therefore, the term that replaces the question mark (?) is KPZ.