A paper is folded and cut as shown below. How will it appear when unfolded?

Analysis of the Correct Pattern (Option 2)
When you unfold the paper, the final image is created by mirroring the cuts across the two fold lines. Here is how the pattern is reconstructed:

The Central Shape: The triangular cut made on the fold line becomes a diamond shape upon the first unfold (since it mirrors across the fold). When unfolded again, this shape remains a diamond centrally located in the paper.

The Corner Ovals: The single oval cut near the outer corner is reflected four times across the horizontal and vertical axes, resulting in four ovals positioned symmetrically in each corner of the paper.

The Edge Rectangles: The rectangular notch cut along the edge is reflected across the folds, resulting in a series of rectangular notches positioned along the perimeter of the paper.