Concept:
The Earth is not a perfect sphere but an oblate spheroid, being slightly flattened at the poles and bulging at the equator due to its rotation.
Step 1: Recall Earth's dimensions.
Approximate values are:
\[
\text{Equatorial diameter} \approx 12756\ \text{km}
\]
\[
\text{Polar diameter} \approx 12714\ \text{km}
\]
Thus,
\[
\text{Equatorial diameter}>\text{Polar diameter}.
\]
Step 2: Identify the correct statement.
Since the Earth bulges at the equator,
\[
\boxed{\text{Equatorial diameter is slightly greater than polar diameter}.}
\]
Therefore, the correct option is
\[
\boxed{(B).}
\]