The acceleration of a block sliding down a smooth inclined plane is given by:
\[
a = g \sin \theta
\]
Where:
- \( a \) is the acceleration of the block,
- \( g \) is the acceleration due to gravity,
- \( \theta \) is the angle of inclination of the plane.
We are given that the acceleration of the block is \( \frac{g}{8} \), so:
\[
\frac{g}{8} = g \sin \theta
\]
Dividing both sides by \( g \):
\[
\frac{1}{8} = \sin \theta
\]
Thus, the angle \( \theta \) is:
\[
\theta = \sin^{-1} \left( \frac{1}{8} \right)
\]
Therefore, the angle of inclination \( \theta \) is \( \tan^{-1} \left( \frac{1}{8} \right) \), which is option (a).