Step 1: Concept
Newton's Law of Gravitation states $F = \frac{Gm_{1}m_{2}}{r^{2}}$. To find the dimensions of $G$, we rearrange the formula to $G = \frac{Fr^{2}}{m_{1}m_{2}}$.
Step 2: Meaning
Dimensions represent the physical nature of a quantity in terms of base units: Mass (M), Length (L), and Time (T).
Step 3: Analysis
The dimension of Force (F) is $[MLT^{-2}]$, distance ($r^{2}$) is $[L^{2}]$, and mass product ($m_{1}m_{2}$) is $[M^{2}]$. Substituting these: $[G] = \frac{[MLT^{-2}][L^{2}]}{[M^{2}]}$.
Step 4: Conclusion
Simplifying the expression gives $[M^{1-2}L^{1+2}T^{-2}]$, which results in $[M^{-1}L^{3}T^{-2}]$.
Final Answer: (A)