Read the following statements on lipids and find out correct set of statements: i. Lecithin found in the plasma membrane is a glycolipid ii. Saturated fatty acids possess one or more \( C = C \) bonds iii. Gingely oil has lower melting point, hence remains as oil in winter iv. Lipids are generally insoluble in water but soluble in some organic solvents v. When fatty acid is esterified with glycerol, monoglycerides are formed Which of the above statements is/are correct?

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Correct answer · Option A

iii, iv and v only

Statements iii, iv, and v are correct. Lecithin is a phospholipid, and saturated fatty acids lack \( C = C \) bonds.