Consider the following statements : 1. Some mushrooms have medicinal properties. 2. Some mushrooms have psycho-active properties. 3. Some mushrooms have insecticidal properties. 4. Some mushrooms have bioluminescent properties. How many of the above statements are correct?

All four statements are correct because different mushroom species possess medicinal (e.g., Reishi), psycho-active (e.g., Psilocybin), insecticidal (e.g., Cordyceps), and bioluminescent (e.g., Foxfire) properties. Option (c) is the most tempting wrong choice as candidates often overlook the specialized insecticidal or bioluminescent traits, assuming mushrooms are limited to nutritional or medicinal roles. The core concept tested is the biological diversity and functional versatility within the Kingdom Fungi.