Correct Answer: Plaster

Solution : Given:
1. Place 2. Player 3. Plough 4. Plaster 5. Plaque

Step 1: Compare the first and second letters of each word. Since all the words start with the same letter P and are followed by l then move on to the next letter.
Step 2: The third letter of each word is either a or o. Based on the alphabetical order of these letters, we can arrange them –  Pl a ce,  Pl a yer, Pl a ster, Pl a que, Pl o ugh.
Step 3: Compare the fourth letter of (Pla c e,  Pla y er, Pla s ter, Pla q ue). Based on the alphabetical order of these letters, we can arrange them – Pla c e, Pla q ue, Pla s ter, Pla y er
So, the sequence is Place, Plaque, Plaster, Player, Plough.

Therefore, Plaster will come in the third place. Hence, the fourth option is correct.