Meghalaya is classified as a Special Category State, which means it receives:

The correct answer is: a) Preferential treatment in central government funding.

Meghalaya is one of the eight states in India that are classified as Special Category States. These states receive preferential treatment in central government funding, which means that they receive more money from the central government than other states. This funding is used to support development projects in these states, such as infrastructure development, education, and healthcare.

The other options are incorrect because:

• Option b) is incorrect because Special Category States are not exempt from certain taxes.
• Option c) is incorrect because Special Category States do not receive guaranteed foreign investment.
• Option d) is incorrect because Special Category States do not receive special trade privileges.