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

Answer & explanation
Correct answer: option 3
The correct answer is Option (3) →
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 two places clockwise round the edge of the box each time. So the next figure has the small circle at the bottom-left corner and the black star at the middle of the bottom side.

Why the other options are incorrect
Option (1) — Incorrect. The black star is right, but the small circle has moved one place anticlockwise instead of clockwise.
Option (2) — Incorrect. The small circle is right, but the black star has moved two places anticlockwise instead of clockwise.
Option (4) — Incorrect. The small circle is right, but the black star has not moved at all since the last figure.