Step 1: Determine the surface tension using capillary rise.
For capillary rise,
\[
h=\frac{2T\cos\theta}{\rho gr}.
\]
Since
\[
\theta=0^\circ,
\]
\[
\cos\theta=1.
\]
Therefore,
\[
T=\frac{h\rho gr}{2}.
\]
Substituting,
\[
h=0.04\,\text{m},
\]
\[
\rho=800\,\text{kg m}^{-3},
\]
\[
g=10\,\text{m s}^{-2},
\]
\[
r=0.2\,\text{mm}=2\times10^{-4}\,\text{m},
\]
we obtain
\[
T
=
\frac{0.04\times800\times10\times2\times10^{-4}}{2}
=
0.032\,\text{N m}^{-1}.
\]
Step 2: Use the formula for excess pressure in a liquid drop.
For a spherical liquid drop,
\[
\Delta P=\frac{2T}{R}.
\]
The diameter is
\[
2\,\text{cm},
\]
so the radius is
\[
R=1\,\text{cm}=0.01\,\text{m}.
\]
Hence,
\[
\Delta P
=
\frac{2\times0.032}{0.01}
=
6.4\,\text{N m}^{-2}.
\]
Therefore,
\[
\boxed{\Delta P=6.4\,\text{N m}^{-2}.}
\]
Hence, the correct option is \(\boxed{(C)}\).