Correct Answer:

Solution : In the given figure, follow the directions to find the next term –

In Box 1, there are two letters, A and B, placed diagonally. A is in the southwest, while B is in the northeast. There is a square at the centre of the box, and the shaded area is located in the southwest. The square is rotated 90 degrees in a clockwise direction.
In Box 2, the letters are shifting in an anticlockwise direction, and the box is rotated in a clockwise direction, and the letter C is skipped. The letters A and B are changed to D and E. After rotating, the letters D and E are placed diagonally in the northwest and southeast directions. There is a square in the centre of the box, and the shaded area is now located in the northwest direction.
Therefore, according to the above pattern, the next box is as follows –

In Box 3, the letters are shifting in an anticlockwise direction, and the box is rotated in a clockwise direction. The letter F has been skipped, while D and E have been changed to G and H respectively. Following the rotation, the letters G and H are now positioned diagonally in the southwest and northeast directions, with the square at the centre. The shaded area is now in the northeast direction.
In Box 4, the letters are shifting in an anticlockwise direction, and the box is rotated in a clockwise direction. The letter I has been skipped, while G and H have been changed to K and J. After the rotation, the letters K and J are now placed diagonally in the northwest and southeast directions. The square is at the centre while the shaded area is in the southeast direction.
Therefore, the final figure is as follows –

Therefore, the figure in the second option is the required figure. Hence, the second option is correct.