The correct general equation for saponification reaction is

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$Ester of fatty acid + alkali \to soap + glycol$

$Ester of fatty acid + alkali \to soap + glycerol$

$Ester of fatty acid + acid \to soap + glycerol$

$Ester of fatty acid + acid \to soap + glycol$

answer is B.

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Detailed Solution

$\underset{Oil (or) fat}{{(C_{17} H_{5} COO)}_{3}} CH {({CH}_{2})}_{2} + \underset{Alkali}{3 NaOH} \to \underset{Soap}{3 C_{17} H_{35} COONa} + \underset{Glycerol}{CHOH {(CH.OH)}_{2}}$

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