The correct option is D appreciation
The word that can fit in place of italicized word in both the sentences is 'appreciation', Option D. Appreciation means recognition or admiration. It also means increase in price or value. The context of sentence I is that Mr. Roy was recognized in the office. Sentence II means that there was increase in value of money with de-escalation of prices. Option A 'acclamation' means applause. Option B 'resilience' means flexibility or capacity to recover quickly from difficulty. Option C 'assessment' means evaluation. Thus, A, B and C are incorrect to be used for both the sentences together. The correct option is option D, appreciation.