Step 1: Understanding the modes of vibration.
In a pipe closed at one end, the fundamental mode of vibration has one node at the closed end and one antinode at the open end. The first overtone (or second harmonic) has one node and one antinode inside the pipe, and the second overtone (third harmonic) has two nodes and two antinodes. Thus, when there are 2 nodes and 2 antinodes, the vibration corresponds to the first overtone.
Step 2: Conclusion.
Thus, the correct answer is (B) 1st overtone.