Answer: (B) Trypsin digests proteins and lipase digests emulsified fats.
The textbook (section 5.2.4) explicitly states: "The pancreas secretes pancreatic juice which contains enzymes like trypsin for digesting proteins and lipase for breaking down emulsified fats." Options A, C, and D incorrectly swap or combine these functions. Always remember: trypsin → proteins; lipase → emulsified fats.