A piece of paper is folded and punched as shown below in the question figures. From the given answer figures, indicate how it will appear when opened.

When the paper is unfolded first to the left, a semicircle will appear at the top of the part and two circles will appear similarly at the left part.

When the paper is unfolded again to the top, a circle will appear at the center and the remaining circles will appear similarly at the top part.

$$\therefore\ $$When the paper is unfolded it will appear as shown below

Hence, the correct answer is Option B