Concept:
In ordering problems, we arrange elements based on given comparisons. For five elements, the one in the middle is the third position in ascending order.
Step 1: Analyze Statement I alone.
Given:
\[
Q<V<M
\]
No information about P and T. Hence, full order cannot be determined.
Statement I alone is NOT sufficient.
Step 2: Analyze Statement II alone.
Given:
\[
Q<M<T<P
\]
No information about V. Hence, complete arrangement is not possible.
Statement II alone is NOT sufficient.
Step 3: Combine both statements.
From Statement I:
\[
Q<V<M
\]
From Statement II:
\[
Q<M<T<P
\]
Combining:
\[
Q<V<M<T<P
\]
Thus, the middle (3rd position) is M.
Hence, both statements together are sufficient, but neither alone is sufficient.