Direction: In the following question, two columns are given containing three phrases each. The phrases are labelled A, B and C in the first column and P, Q and R in the second column. A phrase from the first column may or may not connect with a phrase in the second column to make it grammatically and contextually meaningful sentence. Identify the correct option given below that gives the correct sequence in which one or more sentence can be formed. If one of the options make it possible for a meaningful sentence to be formed, indicate 'None of these' as your answer.

Column 1	Column 2
(A) The guarded response to allowing big foreign money into commodity futures	(P) but their main role is that of a hedge against inflation.
(B)A deepening of this segment is overdue and Sebi has been taking incremental step	(Q)with additional risk management measures, if required, given the financial heft of such traders.
(C)The relaxation offered to FPIs is restricted to non-agricultural commodity derivatives	(R)resorted to restricting commodities trading to curb food inflation.