Arrange the given words in the sequence in which they occur in the dictionary.
1. Primary
2. Previous
3. Presence
4. Preside
5. Prestige

First two letters of all the words are same so verifying the third letter.

The third letter of Primary is 'i' which is after 'e' in alphabetical order. So Primary is placed fifth.

The fourth letter of Previous is 'v' which is after 's' in alphabetical order. So Previous is placed fourth.

The alphabetical order of fifth letters of remaining words is e, i, t. Arranging them respectively in the same order, Presence is placed first, Preside is placed second, Prestige is placed third.

$$\therefore\ $$The order of the givens words according to dictionary is Presence, Preside, Prestige, Previous, Primary

Hence, the correct answer is Option B