The correct option is C Both A and B
Water is the major constituent of protoplasm. In protoplasm, water is present in both bound as well as free form. Free form of water provides medium for all the biochemical reactions occurring in a cell. Bound form of water refers to the water molecules, water imbibed by non living cell wall and associated with other biomolecules like carbohydrate polysaccharides, proteins, complex conjugates like proteoglycans and glycoproteins, etc.