The correct answer is: B. Rs 2,100.00
The current option is Rs 700 and the current value of stock in portfolio is Rs 1400. The present value of the portfolio is the sum of the current value of the option and the current value of the stock. Therefore, the present value of the portfolio is Rs 700 + Rs 1400 = Rs 2,100.
Option A is incorrect because it is the negative of the current value of the option. Option C is incorrect because it is the current value of the option. Option D is incorrect because it is the current value of the stock.