The correct option is B Exchange of genetic material – Pachytene
Exchange of genetic materials occurs in pachytene (Meiosis I of Prophase I of Pachytene sub-phase).
During meiosis, genetic information is exchanged between the maternally and paternally inherited copies of a pair of chromosomes in order to create new combinations of genes under the process of crossing over.
Tetrad visibility occurs in meiosis I of prophase I of pachytene.
Terminalisation in meiosis – Diakinesis.
Centromeric division occurs in Anaphase-II.
So, the correct answer is "option D"