Explanation:

- The Reserve Bank of India (RBI) traditionally plays multiple roles, such as regulator, administrator, and coordinator within the financial sector.

- A regulator is responsible for ensuring the financial system's stability, managing monetary policy, and maintaining regulatory oversight.

- An administrator typically handles the operational aspects and execution of policies.

- A coordinator ensures effective communication and cooperation among financial entities.

- Financial sector reforms aim to shift the RBI's role away from direct regulation to being a facilitator, allowing other institutions to take on regulatory responsibilities.

- Correct Answer: Regulator