Correct Answer:

Solution : According to the given question figure –
1. The arrow and small square are shaded alternatively and the arrow moves 90° in an anticlockwise direction.
2. The arc line of the circle decreases by 1 in an anticlockwise direction in each box.
So, following the above pattern, the required figure will be as follows –

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