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The major active component in the water extract of the ash obtained by burning banana plant, used as a substitute for soda by villagers in some parts of India, is sodium carbonate. Sodium carbonate is also known as soda ash or washing soda.
Let`s go through the other options to understand why they are not the major active component in this case:
Option 2: Potassium carbonate - Although potassium is present in banana plants, it is not the major active component in the extract.
Option 3: Calcium oxide - Calcium oxide, also known as lime or quicklime, is not the major active component in the extract.
Option 4: Magnesium oxide - Magnesium oxide, commonly known as magnesia, is not the major active component in the extract.
Therefore, the correct answer is option 1, Sodium Carbonate.