The correct answer is option 3, III.

To solve this question, we need to analyze the given figures and find the pattern. In the given figures, the shape is changing from left to right.

In the first figure, we have a rectangle. In the second figure, the rectangle is rotated 90 degrees clockwise. In the third figure, the rectangle is rotated 180 degrees clockwise. In the fourth figure, the rectangle is rotated 270 degrees clockwise.

So, the pattern is that the rectangle is rotated clockwise by 90 degrees in each subsequent figure.

Now, let`s apply this pattern to the question mark figure. If we rotate the rectangle in the question mark figure by 90 degrees clockwise, we will get option 3, III.

Hence, option 3 is the correct answer.