Correct Answer: Regulating the stock market

Solution : The correct answer is (d)  Regulating the stock market.

Regulating the stock market is not a function of the Reserve Bank of India (RBI). The RBI primarily focuses on the regulation and supervision of the banking system in India, ensuring its stability, integrity, and smooth functioning. Its functions include regulating banks and financial institutions, formulating and implementing monetary policy, issuing and managing currency notes, and maintaining the stability of the financial system.

The regulation of the stock market, including the oversight of stock exchanges and market participants, falls under the jurisdiction of the Securities and Exchange Board of India (SEBI). SEBI is the regulatory authority responsible for the development, regulation, and oversight of the securities market in India.