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Given: P, Q, R, S, T, U, V and W are sitting in a round circle, facing the centre.
P is third to the left of S.
P is second to the right of T, who is an immediate neighbour of both R and V.
U is second to the left of T.
S is an immediate neighbour of both U and W.

W is not the neighbour of P.
Q is fourth to the right of V.

So, from the above arrangement T sits to the immediate right of V.
Hence, the correct answer is 'Option 3'.