In the isobilateral leaf : 

All of the above statements are correct.

The correct answer is Option (4) -All of the above statements are correct.

The anatomy of isobilateral leaf is similar to that of the dorsiventral leaf in many ways. It shows the following characteristic differences.

In an isobilateral leaf, the stomata are present on both the surfaces of the epidermis; and the mesophyll is not differentiated into palisade and spongy parenchyma.

In grasses, certain adaxial epidermal cells along the veins modify themselves into large, empty, colourless cells.

These are called bulliform cells. When the bulliform cells in the leaves have absorbed water and are turgid, the leaf surface is exposed. When they are flaccid due to water stress, they make the leaves curl inwards to minimise water loss. The parallel venation in monocot leaves is reflected in the near similar sizes of vascular bundles (except in main veins) as seen in vertical sections of the leaves.