Step 1: Understanding the forces.
In a conical pendulum, the forces acting on the bob are the tension \( T \) and the centrifugal force. The tension is resolved into two components: one along the string (\( T \cos \theta \)) and one perpendicular to the string (\( T \sin \theta \)). The centrifugal force is balanced by the horizontal component of the tension.
Step 2: Conclusion.
Thus, the component of the tension that balances the centrifugal force is \( T \sin \theta \), which corresponds to option (A).