The sequence of folding a paper and the manner in which the folded paper has been cut is shown in the following figures. How would this paper look when unfolded?

When the paper is unfolded, the pattern of cutting will be similar in the four parts of the paper.

When the paper is unfolded first to the top, two stars will appear similarly on the top.

When the paper is unfolded again to the right, two stars each will appear similarly in the top right and bottom right part of the paper.

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

Hence, the correct answer is Option A