Which of the following statements is incorrect?

These are the options for the question :Which of the following statements is incorrect?

a. Providing liquidity to securities is one of the functions of stock exchange
b. Process of holding shares in electronic form is known as Dematerialization
c. Securities Exchange Board of India performs the regulatory function of controlling insider trading and imposing penalties for such practices.
d. Capital market consists of Commercial banks, Development banks and stock exchanges

( C )Securities Exchange Board of India performs the regulatory function of
controlling insider trading and imposing penalties for such practices.