Step 1: Understanding cerebral cortex structure.
The cerebral cortex has a folded surface to increase surface area for higher brain functions.
Step 2: Differentiating folds.
The raised folds of the cerebral cortex are called gyri, while the grooves or depressions are called sulci.
Step 3: Eliminating incorrect options.
Funiculi are bundles of nerve fibres in the spinal cord.
Fovea is a depression in the retina of the eye.
Step 4: Conclusion.
Hence, the elevations of the cerebral cortex are called gyri.