Correct Answer - Option 1 : VPGUGTR
EXPLANATION:
Here, first, we have to reverse the letter of the word RESERVE which will be EVRESER.
Now, E V R E S E R
+2↓ +2↓ +2↓ +2↓ +2↓ +2↓ +2↓
G X T G U G T
Similarly, first, we will reverse the letter of the word PRESENT which will be TNESERP
Now, T N E S E R P
+2↓ +2↓ +2↓ +2↓ +2↓ +2↓ +2↓
V P G U G T R