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

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

When the paper is unfolded first, the bottom right quadrant will be similar to bottom left quadrant.

When the paper is unfolded again, the triangles in the upper quadrants face bottom and the edge of the pentagon in the upper quadrants face upwards.

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

Hence, the correct answer is Option B