Which tool has spring-loaded retractable jaws for holding small screws in the screwdriver?

The tool with spring-loaded retractable jaws specifically designed to hold small screws is the pick-up screwdriver. This type of screwdriver allows the user to easily manipulate and secure small screws, making it particularly useful for tasks where precision and control are essential. The retractable jaws grip onto screws securely, preventing them from slipping or falling, which facilitates easier and more efficient handling during assembly or repairs.

In contrast, a bevel driver is generally used for precision adjustments and does not feature the same gripping mechanism. A screw extractor is designed for removing screws that are stripped or broken rather than for holding them. Lastly, a pillar file is a tool used for shaping and smoothing materials, and it does not have any functionalities relevant to the holding of screws. Thus, the characteristics of the pick-up screwdriver specifically cater to the need for securely handling small screws, making it the correct choice.