Explanation:

- The Reserve Bank of India (RBI) has guidelines for 'on tap' licensing of Universal Banks in the private sector.

- Applications for Universal Banks are assessed by the SEAC Committee.

- In SEAC, 'A' stands for Advisory, which is Option 2.

- Option 1: Account - This does not fit in the context of SEAC.

- Option 3: Application - This is not the correct expansion of 'A' in SEAC.

- Option 4: Additional - No relevance to SEAC's meaning.

- Option 5: Other than the given option - Not applicable here.