Correct Answer: Regulating the securities market

Solution : The correct answer is (c). Regulating the securities market

The Reserve Bank of India (RBI) performs multiple functions, but regulating the securities market is not one of them. The correct answer is c) Regulating the securities market.

The functions of the Reserve Bank of India include:

a) Issuing currency notes: The RBI is responsible for the issuance and management of currency notes and coins in India.

b) Regulating the banking system: The RBI regulates and supervises banks and financial institutions in India to ensure their stability, soundness, and proper functioning.

d) Managing the foreign exchange reserves of India: The RBI manages and maintains the foreign exchange reserves of India, which are crucial for the stability of the country's external sector.

While the securities market in India is regulated by the Securities and Exchange Board of India (SEBI), the RBI collaborates with SEBI and plays a supportive role in ensuring the smooth functioning and stability of the overall financial system.