Correct Answer: STENT

Solution : Given:
SHIPMENT

Now, let's compare all the option words with the word SHIPMENT –
First option: SENT; All the letters of SENT are present in SHIPMENT.
Second option: STENT; The letter T appears only once in the word SHIPMENT. But, in STENT, T appears two times. Therefore, all the letters of STENT are not present in the word SHIPMENT.
Third option: SPENT; All the letters of SPENT are present in SHIPMENT.
Fourth option: HIPS; All the letters of HIPS are present in SHIPMENT.

So, from the above, only STENT cannot be formed with the help of the letters of the word SHIPMENT. Hence, the second option is correct.