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 right, a rectangle will appear towards top left corner and a similar semicircle will appear towards right.

When the paper is unfolded second time to the bottom, a circle will appear on the left and a rectangle will appear similarly towards the bottom left corner.

When the paper is unfolded again to the right, three circles one each will appear on the top, bottom and right sides, two rectangles on each will appear towards top right and bottom right side.

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

Hence, the correct answer is Option C