
A cleaner way to check a net-versus-solid question like this is to work with adjacency and opposite-face relationships instead of corner rotations. When a net is folded into a cube, two squares joined directly by a fold line always become adjacent faces of the cube, sharing one edge, and squares that are two folds apart along the net can end up as opposite faces.
Because cube (ii) shows an orientation that the paper folding cannot physically produce, it is eliminated, while cube (i) survives every check.
Let's summarize:
So only cube (i) is a valid fold of the net in Panel I, confirming option (A).