Explanation

Bile, secreted by the liver and stored in the gall bladder, contains no digestive enzymes — so the claim that it 'contains enzymes for digestion of lipids' is the incorrect statement. Bile salts emulsify large fat globules into fine droplets, and the alkaline bile neutralises acidic chyme from the stomach, raising pH so pancreatic enzymes can act. Statements B, C and D are all correct.