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Steel slag can indeed be used for all the three uses mentioned.
Option 1: Use in road construction as base material. Steel slag is a byproduct from steel making industry and possesses strong potential to be used as a construction material. It has high hardness and good abrasion resistance and can be used as pavement material providing better skid resistance and minimal wear rate.
Option 2: Improvement of agricultural soil. Steel slag is rich in Lime (CaO) and can be used as a liming material for acidic soils. It has potential to improve soil pH, increase soil fertility, and hence, increase the crop yield.
Option 3: Production of cement. Slag has pozzolanic properties making it suitable to be used as an additive in cement production. Pozzolan`s react with calcium hydroxide to form cementitious compounds making the cement more durable and resistant to water.
Hence, all the mentioned uses of steel slag are correct making option-4 the right answer.