The point at which the kinetic energy is exactly equal to the potential energy occurs when the ball is halfway between its highest point and the ground. At this position, the ball has risen enough to have gained potential energy due to its height, but it is still moving upward and hence has kinetic energy. As it continues to rise, potential energy increases and kinetic energy decreases, and vice versa as it falls back down.
So, the correct response is:
when the ball is halfway between its highest point and the ground.