Pick the figure from the options that best continues the given figure series.

Answer & explanation
Correct answer: option 1
The correct answer is Option (1) →
Two things change from figure to figure: the pointed triangle turns 135° clockwise each time, and the small circle moves one place clockwise round the edge of the box each time. So the next figure has the pointed triangle pointing down and to the right and the small circle at the bottom-left corner.

Why the other options are incorrect
Option (2) — Incorrect. The small circle is right, but the pointed triangle has turned 135° anticlockwise instead of clockwise.
Option (3) — Incorrect. The small circle is right, but the pointed triangle has not turned at all since the last figure.
Option (4) — Incorrect. The pointed triangle is right, but the small circle has not moved at all since the last figure.