Which of the option figures will take the place of the question mark and continue the series?

Answer & explanation
Correct answer: option 2
The correct answer is Option (2) →
Two things change from figure to figure: the small circle moves one place clockwise round the edge of the box each time, and the black star moves three places clockwise round the edge of the box each time. So the next figure has the small circle at the middle of the top side and the black star at the top-left corner.

Why the other options are incorrect
Option (1) — Incorrect. The small circle is right, but the black star has moved three places anticlockwise instead of clockwise.
Option (3) — Incorrect. The black star is right, but the small circle has moved two places instead of one place.
Option (4) — Incorrect. The black star is right, but the small circle has moved one place anticlockwise instead of clockwise.