Correct Answer: Promoting the development of the money market

Solution : The correct answer is (b) Promoting the development of the money market.

SEBI, the Securities and Exchange Board of India, is primarily responsible for regulating and supervising the securities market in India. It performs several functions to ensure the integrity and fairness of the market. However, promoting the development of the money market is not one of its core functions.Promoting the development of the money market, as it is not a specific function of SEBI. The development and regulation of the money market in India is primarily handled by the Reserve Bank of India (RBI).