The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options. P: Banks, which garner the lion’s share of retail debt allocations, pegged down their term deposit interest rates with alacrity by 200-250 basis points between 2014 and 2016 as market rates fell. Q: Indian savers have made a decisive shift from real to financial assets in recent years prompted by policy nudges and sluggish gold and property markets. R: But they have been tardy in passing on the rate increases of the past year. S: But while umpteen new equity-linked options have sprung up on their menu – MFs, NPS, market-linked insurance plans – there’s a notable dearth of debt options.