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

When the paper is unfolded first, two circles will appear on the adjacent sectors.

When the paper is unfolded for second time to the right, three circles will appear similarly on the right part.

When the paper is unfolded again to the bottom, six circles will appear similarly on the bottom part of the paper.

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

Hence, the correct answer is Option B