Step 1: Determine the oxidation state of nitrogen in \(HNO_3\).
In nitric acid,
\[
HNO_3
\]
Let the oxidation state of nitrogen be \(x\).
\[
(+1)+x+3(-2)=0
\]
\[
1+x-6=0
\]
\[
x=+5
\]
Thus, nitrogen is in the \(+5\) oxidation state.
Step 2: Determine the oxidation state of nitrogen in \(NO_2\).
For \(NO_2\),
\[
x+2(-2)=0
\]
\[
x-4=0
\]
\[
x=+4
\]
Thus, nitrogen changes from
\[
+5 \rightarrow +4
\]
and gains one electron per nitrogen atom.
Step 3: Calculate the \(n\)-factor of \(HNO_3\).
The change in oxidation number of nitrogen is
\[
(+5)-(+4)=1
\]
Therefore, one mole of \(HNO_3\) accepts one mole of electrons.
Hence,
\[
n\text{-factor}=1
\]
Step 4: Use the formula for equivalent weight.
Equivalent weight is given by
\[
\text{Equivalent Weight}
=
\frac{\text{Molar Mass}}{n\text{-factor}}
\]
Substituting,
\[
\text{Equivalent Weight}
=
\frac{M}{1}
\]
\[
=M
\]
Step 5: Final conclusion.
Therefore, the equivalent weight of \(HNO_3\) in the given reaction is
\[
\boxed{M}
\]
which corresponds to option (1).