Step 1: Understand the terms.
- **Machine Cycle:** The time required to complete one operation of accessing memory, I/O, or acknowledging an external request by the microprocessor. This is the basic unit of time used in a microprocessor for such operations.
- **Instruction Cycle:** Refers to the cycle in which a machine instruction is fetched, decoded, and executed.
- **T-state:** Refers to a single clock cycle of the microprocessor.
- **Clock Period:** Refers to the time between two consecutive clock pulses.
Step 2: Conclusion.
The correct answer is (1) One Machine Cycle, as it matches the definition provided in the question.
Match List-I with List-II 
Match List-I with List-II\[\begin{array}{|c|c|} \hline \textbf{Provision} & \textbf{Case Law} \\ \hline \text{(A) Strict Liability} & \text{(1) Ryland v. Fletcher} \\ \hline \text{(B) Absolute Liability} & \text{(II) M.C. Mehta v. Union of India} \\ \hline \text{(C) Negligence} & \text{(III) Nicholas v. Marsland} \\ \hline \text{(D) Act of God} & \text{(IV) MCD v. Subhagwanti} \\ \hline \end{array}\]