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 top, a circle will appear on the top. The triangular and square cut will appear similarly towards top.

When the paper is unfolded second time to the bottom, two circles will appear towards bottom. A triangular cut and rectangular cut will appear at the centre.

When the paper is unfolded again to the right, two circles each will appear on the top right and bottom right. Three rectangles and triangles one each will appear on the top side, right side and bottom side of the paper.

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

Hence, the correct answer is Option A