Among $3N + 1$ objects, $N$ are identical and $2N+1$ are different.
Therefore, Selection is like $N$ from identical and $0$ from different, $N-1$ from identical and $1$ from different, $N-2$ from identical and $2$ from different, $N-3$ from identical and $3$ from different and so on.
Total ways = $\binom{2N+1}{0}\left ( 1 \right ) + \binom{2N+1}{1}\left ( 1 \right )+ \binom{2N +1}{2}\left ( 1 \right )+...+\binom{2N+1}{N}\left ( 1 \right )$ .
$\sum_{K=0}^{N}\binom{2N+1}{K}$ total ways .
As a thumb rule, $\sum_{K=0}^{N}\binom{N}{K} = 2^{N}$
Hence, $\sum_{K=0}^{2N+1}\binom{2N+1}{K} = 2^{2N+1}$
But, we can say that $\sum_{K=0}^{N}\binom{2N+1}{K} = \frac{1}{2}\sum_{K=0}^{2N+1}\binom{2N+1}{K}= \frac{1}{2}\left ( 2^{2N+1} \right )= 2^{2N} = 4^{N}$.
Hence, the number of ways to select $N$ objects out of these $3N+1$ objects is $4^N$ .