Concept:The intersection of two sets contains only the elements present in both sets. The number of subsets of any set with n elements is given by 2n.Explanation:List all factors of 36:P={1,2,3,4,6,9,12,18,36}List all multiples of 4 that are less than 40:Q={4,8,12,16,20,24,28,32,36}The intersection P∩Q includes elements common to both lists:P∩Q={4,12,36}So the number of elements in the intersection is n(P∩Q)=3.For a set with n elements, the total number of subsets is 2n.Therefore, the number of subsets of P∩Q is:23=2×2×2=8Answer:8, i.e., option B.