Concept:
The power of a lens in a medium is given by
\[
P=
\left(
\frac{n_l}{n_m}-1
\right)
\left(
\frac{1}{R_1}-\frac{1}{R_2}
\right),
\]
where
\[
n_l=\text{refractive index of lens},
\qquad
n_m=\text{refractive index of medium}.
\]
Step 1: Find the curvature factor of the lens.
In air,
\[
P_1
=
(n_l-1)
\left(
\frac{1}{R_1}-\frac{1}{R_2}
\right).
\]
Given,
\[
P_1=5D,
\qquad
n_l=\frac32.
\]
Hence,
\[
5
=
\left(
\frac32-1
\right)
\left(
\frac{1}{R_1}-\frac{1}{R_2}
\right).
\]
\[
5
=
\frac12
\left(
\frac{1}{R_1}-\frac{1}{R_2}
\right).
\]
Therefore,
\[
\left(
\frac{1}{R_1}-\frac{1}{R_2}
\right)
=
10.
\]
Step 2: Calculate the new power in the liquid.
Given,
\[
n_m=2.
\]
Thus,
\[
P_2
=
\left(
\frac{\frac32}{2}-1
\right)
(10).
\]
\[
=
\left(
\frac34-1
\right)
(10).
\]
\[
=
\left(
-\frac14
\right)
(10).
\]
\[
=-2.5D.
\]
Step 3: Interpret the result.
The power becomes negative because the refractive index of the surrounding liquid is greater than that of the lens.
Hence the convex lens behaves like a diverging lens.
Therefore,
\[
\boxed{P=-2.5D}
\]
\[
\boxed{\text{Answer = (D)}}
\]