IBPS Clerk Prelims 12-Dec-2020 Shift 2 Paper

If it is possible to make a meaningful word with the second, the third, the fifth, and the seventh letters of the word 'GRACEFUL', which of the following will be the second letter from the right end of that newly formed word? If more than one such word can be made, give M as the answer and if no such word can be made, give Y as the answer.