Complete the series.

Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 

1. In step 1, the bottom left and top right interchange their positions diagonally, and the top left and center element interchange positions. A new letter has come at the bottom right corner.
2. In step 2, the bottom right and top left interchange their position diagonally. The top right and center element interchange their positions. A new shape has come at the bottom left corner.
3. Step 1 and step 2 are used in the series alternatively.
Hence, the correct answer is option 2.