Correct Answer: Regulating the functioning of commercial banks

Solution : The correct answer is (c) Regulating the functioning of commercial banks.

SEBI is a statutory body that regulates the securities market in India. It does not regulate the functioning of commercial banks. This is the responsibility of the Reserve Bank of India (RBI).c). Regulating the functioning of commercial banks. However, regulating the functioning of commercial banks falls under the jurisdiction of the Reserve Bank of India (RBI), which is the central banking institution in India. The RBI is responsible for supervising and regulating banks, including commercial banks, in areas such as capital adequacy, liquidity management, credit policies, and overall banking operations.