Concept:
In letter series, convert letters to their alphabetical positions and look for patterns.
Step 1: Convert letters to positions.
\[
I(9),\ L(12),\ Q(17),\ X(24),\ S(19),\ V(22),\ M(13)
\]
Step 2: Split into two alternating sequences.
Odd positions:
\[
I(9),\ Q(17),\ S(19),\ M(13)
\]
Pattern:
\[
+8,\ +2,\ -6
\]
Even positions:
\[
L(12),\ X(24),\ V(22),\ ?
\]
Pattern:
\[
+12,\ -2,\ -16
\]
So,
\[
V(22) - 16 = 6
\]
Step 3: Convert back to letter.
\[
6 \rightarrow F
\]
Hence, the missing term is F.