Solution:The photoelectric effect is the emission of electrons when electromagnetic radiation, such as light, hits a material. And photoelectric device means which uses photoelectric effect, in other words which produces electricity/electric signal from light.
Photovoltaic cell is one such device. Photovoltaic cells or commonly known as solar cells have vast use in digital technology. For example, entire satellite communication depends on it, since this is the main source of power for it.
Photoemitting or light emitting diodes emit light on flow of electricity ie. reverse of photoelectric effect. Similarly, photodiode changes its electrical properties on receiving light.
It is like light controlled switch which allows flow of electricity on getting light but it does not generate electricity. Hence, option (b) is the correct answer.