Let's analyze the pattern row-wise:
- First figure: Outer shape – Triangle, Inner shape – Circle
- Second figure: Outer shape – Square, Inner shape – Triangle
- Third figure (missing): Outer shape – Circle, Inner shape – Square
Hence, we observe a cyclic shift in shapes across positions. The inner shape of one figure becomes the outer shape in the next:
- Triangle → Square → Circle → Triangle (cycle continues)
Now we apply this logic:
- In 1st figure: Triangle (outer), Circle (inner)
- In 2nd figure: Square (outer), Triangle (inner)
- So, 3rd figure must be: Circle (outer), Square (inner)
Only option (3) satisfies this condition.