With reference to 'palm oil', consider the following statements : 1. The palm oil tree is native to Southeast Asia. 2. The palm oil is a raw material for some industries producing lipstick and perfumes. 3. The palm oil can be used to produce biodiesel. Which of the statements given above are correct?

The correct option is (b) because palm oil is a versatile industrial raw material used in cosmetics like lipsticks and serves as a major feedstock for the production of biodiesel. Option (d) is the most tempting wrong choice, but it is incorrect because the oil palm tree is native to West Africa, not Southeast Asia, despite the latter region currently being the world's leading producer. The core concept being tested is the economic geography of global commodities, specifically their botanical origins and industrial applications.