The correct option is B Collenchyma
Hypodermis is a region lying immediately below the epidermis. It is represented by a few layers of collenchyma cells with angular thickenings. The cells are compactly arranged without any intercellular spaces. Hypodermis provides mechanical support and additional protection. So, hypodermis of a dicot stem is composed of collenchyma and not parenchyma or sclerenchyma.
Thus, the correct answer is option B.