The sequence of folding a piece of 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 first to the bottom right, two circles will appear similarly towards bottom and a triangle towards centre.

When the paper is unfolded again to the top right, two circles each will appear towards top and right similarly, two triangles will appear similarly towards center.

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

Hence, the correct answer is Option A