Step 1: Think of the three schema levels from top to bottom, starting from what a user or application actually sees down to how data physically sits on disk. At the very top, a user interacts with a customized view of the data - this is the external schema, which corresponds to Views (L).
Step 2: Just below the external level sits the logical schema, which defines the complete set of relations and their attributes existing in the database as a whole, independent of any single user's view. This corresponds to Relations (N).
Step 3: At the lowest level is the physical schema, concerned purely with implementation: how records are laid out in files and which indexes are built to speed up access. This corresponds to File organization and indexes (M).
Step 4: Reading off I to III in this top-down order: Logical schema pairs with N, Physical schema pairs with M, and External schema pairs with L, giving I - N, II - M, III - L.
Final Answer: Option (C)