Correct Answer:

Solution : In the given figure as we move from one box to another –
1. The circle given at the top left corner of the box shifts one position at a time from the top left corner to the middle of the side and then again, the corner of the box in an anticlockwise direction.
2. The square at the bottom left corner of the box shifts one position at a time from the bottom right corner to the middle side and then again, the corner of the box in a clockwise direction.
3. The shaded part of the square in between rotates in the clockwise direction.
So, following the above pattern, the next figure will be –

Hence, the fourth option is correct.