If we form a four-letter meaningful word by using 2nd, 5th, 7th and 8th letter (each letter is used only once) of the word ‘SHOWERING’ , then what will be the second letter of that meaningful word? If no such meaningful word is formed, the answer will be X and if more than one such meaningful word will be formed, the answer will be Y.

To find the correct answer, let us first identify the letters at the specified positions of the given word 'SHOWERING'.

The word is: SHOWERING
Let us list the position of each letter in the word:
1st letter: S
2nd letter: H
3rd letter: O
4th letter: W
5th letter: E
6th letter: R
7th letter: I
8th letter: N
9th letter: G

According to the question, we need to use the 2nd, 5th, 7th, and 8th letters:
2nd letter = H
5th letter = E
7th letter = I
8th letter = N

The selected letters are: H, E, I, N.

Now, we attempt to form a four-letter meaningful English word using each of these letters exactly once:
- The combinations we can make include: HINE, HEIN, NIEH, INHE, etc.
- None of the permutations of these four letters (H, E, I, N) form a standard, meaningful English dictionary word.

Since no such meaningful word can be formed from the letters H, E, I, and N, we follow the rule specified in the question:
"If no such meaningful word is formed, the answer will be X."

Therefore, the correct answer is X.