Correct answer: IV > I > II > V > III
The stability of carbocations is influenced by the electron-donating or withdrawing effects of substituents on the aromatic ring. In this case, the p-CHO group is a strong electron-withdrawing group, making the carbocation less stable, while the p-CH3O and p-CH3 groups are electron-donating, enhancing stability. Thus, the order of stability is determined by the strength of these effects, leading to the correct arrangement.