The correct answer is option 3 i.e. 2011.
According to the given question,
221 + 231 ÷ (21 + 21 ÷ 1) + 331 ÷ 25 × 43 ÷ 632 × 67
⇒ 41 + 81 ÷ 1 + 310 ÷ 25 × 43 ÷ 320 × 67
⇒ 41 + 81 + 34 × 809 × 67
⇒ 41 + 81 + 407
⇒ 4010+5+7
⇒ 4022 = 2011
Hence the required answer is 2011.