The correct option is C (I)=(V)>(II)=(IV)>(III)
Among the resonating structures of phenol, structure (I) and (V) are the most stable because they are neutral and all other structures have charges on them.
Structure (II) and (IV) are having same number of covalent bonds and have similar distance between the unlike charges. So, they are equally stable.
Structure (III) is least stable because the separation of unlike charges is highest in the structure.
Therefore, the correct order of stability of resonating structures of phenol is: