When you go to Profile > Privacy .. Should be able to set things there (member/friend/public) but my members isn't able to see any settings on the privacy screen.

See screenshot below for a better understanding:

Hi There,

Can you check again please? it should work fine now.. there is javascript conflict and your 3rd party javascript conflict delete the privacy container as well.. so I decided to remove the css class from our side.

Thanks!

Just one other thing I noticed.. the drop-down menu for every item is displayed behind the content.
Would appreciate some assistance.

For that, please open this file com_community/templates/default/css/style.css, find this :

#community-wrap .js_dropDownMaster dd{display:none;position:absolute;left:0}

#community-wrap .js_dropDownMaster dd{display:none;position:absolute;left:0;z-index:99999}