For a given $n$, the largest binomial coefficient $\binom nr$ occurs at the centre or peak, i.e. $$P_n=\binom n{\lfloor{n/2}\rfloor}$$
Testing different values of $n$ shows that $P_{12}=924$ and $P_{13}=1716$, so we conclude that $n\geq13$.
You can also arrive at the same conclusion by considering that
$$\binom nr=\frac {n^{\underline{r}}}{r!}=\frac{n\cdot (n-1)\cdot (n-2)\cdots (n-r+1)}{1\cdot 2\cdot 3\cdots r}$$
Since $1001=7\cdot 11\cdot 13$, we need at $13$ in the numerator, hence $n\geq 13$.
If $n=13$, then
- $r<13$ so as not to cancel the $13$ in the numerator (and this also means $r>0$)*
- $r<11$ so as not to cancel the $11$ in the numerator (and this also means $r>2$)*
- $r<7$ so as not to cancel the $7$ in the numerator (and this also means $r>6$)*...but this impossible.
Hence $n\neq13$.
If $n=14$, then
- $r<13$ so as not to cancel the $13$ in the numerator (and this also means $r>1$)*
- $r<11$ so as not to cancel the $11$ in the numerator (and this also means $r>3$)*
- we do not need $r<7$ as there is a $7$ in $14$.
- hence $3<r<11$ may be possible.
- trying $r=4$ gives the desired answer
Hence the conclusion is
$$1001=\binom {14}4\qquad\left[=\binom {14}{10}\right]\quad\blacksquare$$
*because $\binom nr=\binom n{n-r}$
Special Note
It is interesting to note that
$$\binom {14}4=1001=\binom {14}{10}\\
\binom {14}5=2002=\binom {14}{9}\\
\binom {14}6=3003=\binom{14}8\\$$