Directions: In the given sentence, three words are marked as (A), (B), and (C). These words may or may not be placed in their right places. Four options with different arrangements of these words are given below, mark the option with the correct arrangement as your answer. If no change is required mark 'No rearrangement required' as your answer.

The presence of foreign competition(A) in India will bring in an element of quality(B) and increase the standards and universities(C) of Indian institutions.