Concept:
Glycolysis is the pathway that breaks down glucose to pyruvate. Some steps are reversible, while some are irreversible and highly regulated.
Step 1: Role of PFK-1.
PFK-1 catalyzes the conversion of fructose-6-phosphate into fructose-1,6-bisphosphate.
\[
\text{Fructose-6-phosphate}
\rightarrow
\text{Fructose-1,6-bisphosphate}
\]
Step 2: Why this step is important.
This is a committed step of glycolysis. Once fructose-6-phosphate is converted into fructose-1,6-bisphosphate, the molecule is committed to proceed through glycolysis.
Step 3: Regulation of PFK-1.
PFK-1 is regulated by cellular energy status. ATP inhibits PFK-1, while AMP and fructose-2,6-bisphosphate activate it.
Step 4: Eliminate wrong options.
PFK-1 does not catalyze an ATP-producing step. Pyruvate to lactate conversion is done by lactate dehydrogenase. PFK-1 is not the final enzyme of glycolysis.
Therefore, PFK-1 is the major regulatory enzyme because:
\[
\text{It controls the first committed irreversible step of glycolysis.}
\]
\[
\therefore \text{Correct Answer is (B)}
\]