The correct option is B Fluidity by lipids, functional specificity by proteins
Plasma membrane is a lipid bilayer in which the proteins, lipids and carbohydrates are incorporated which give it a mosaic-like appearance. The fluidity is conferred by lipid molecules. Proteins possess different amino acids having certain side chains. Such side chains interact with certain chemicals and can bind to them. This characteristic gives functional specificity to the membranes. Hence, functional specificity is conferred by proteins. Therefore, the correct answer is option B.