Xavier Aptitude Test 2011 Paper

Few sentences are given below continuously. Identify the best sequence of punctuations among the given options. (The rule of capitalization at the beginning of sentences has been ignored in the passage given below).
Note: The arrows in the options indicate text that would be within the punctuations.
A persons frames of perception and action are narrow in early stages of development focused on social membership and technical competence the early life of organizations often is focused on survival and efficiency only later and rarely emphasizing process of learning and development however in later stages both individual and organization become more concerned with the learning process itself the way the perceptions and practices are articulated and revised in interactions and how more people can be engaged in mutual learning and inquiry