There's no answer that gives you peerless. you need to get it in the initial roll (4.7% chance to get Peerless), and not overwrite it with the 2nd question, 1st & 3rd question answers have no effect on titles only the 2nd questions do.
To give you an example of how it works, the game first rolls you random titles from 21 slots each. let's say for example you roll "Perverted" for Title1 and "Peerless" for Title2.
In the 2nd question there are 4 different questions two which will change "Perverted" and other two will change "Peerless"
"You are finally cornered in the middle of a battle." Any answer from this question will overwrite "Perverted"
"While peddling, you meet a hungry girl." Any answer from this question will overwrite "Perverted"
"When you stop at a small village, a young girl speaks to you." Any answer from this question will overwrite "Peerless"
"You are crossing a large, wide river in a small boat." Any answer from this question will overwrite "Peerless"
So you need to roll a 4.7% chance to get Peerless and then only roll one of the two 20% chance questions that will not change it.
Hope this clears any confusion you guys have about this.
oh and btw Peerless is not even that good, the best answer in the game is "Aaaaaaaah!!!!! Blublublublub..." which gives you +30 Max AP, therefore "Intellectual" or "Screaming" are the best titles.