Multipolar neurons are found in:

Cerebral cortex.

The correct answer is Option (2)- Cerebral cortex.

The axon is a long fibre, the distal end of which is branched. Each branch terminates as a bulb-like structure called synaptic knob which possess synaptic vesicles containing chemicals called neurotransmitters. The axons transmit nerve impulses away from the cell body to a synapse or to a neuro-muscular junction.

Based on the number of axon and dendrites, the neurons are divided into three types, i.e., multipolar (with one axon and two or more dendrites; found in the cerebral cortex), bipolar (with one axon and one dendrite, found in the retina of eye) and unipolar (cell body with one axon only; found usually in the embryonic stage).