The pattern followed here is:
1) The plus sign in the centre rotates 45° in every step and the circle inside it gets unshaded and shaded alternately. So in the 5th box circle will be shaded. option 1 gets eliminated.
2) The curved arrow moves clockwise at the corner in every step. So in the 5th box curved arrow will be at the bottom right corner. option 4 gets eliminated.
3) The circle head arrow moves clockwise at the corner in every step. So in the 5th box circle head arrow will be at the top left corner.
4) The arrow moves in a clockwise direction in a pattern like first 1 step then 2 steps then 3 steps. so in the fifth box, it moves 4 steps and occupied the position of the bottom right corner. option 3 gets eliminated.
Simultaneously arrow rotating 90° anti-clockwise in its position in every step.
The image which will come next in the series is:
Hence,
Option 2 is the correct answer.