Final answer:
The midbrain area that is largely composed of fiber tracts and bulges anteriorly is called the cerebral peduncles. The correct answer is option (1). Cerebral peduncles
Step-by-step explanation:
The cerebral peduncles, predominantly consisting of fiber tracts and exhibiting a forward bulge, characterize the midbrain region. It transmits motor and sensory information between the cerebral hemispheres and the rest of the body. The midbrain is one of the three regions of the brain stem, along with the pons and medulla oblongata. The cerebral peduncles play a role in transmitting motor and sensory information between the cerebral hemispheres and the rest of the body.
Thus, the correct answer is option (1). Cerebral peduncles