Step 1: Recall the function of HOLD and HLDA signals.
In a microprocessor,
- HOLD is a request signal asking the processor to release the system buses.
- HLDA (Hold Acknowledge) indicates that the processor has released the buses.
Step 2: Identify the application.
These signals are used to transfer control of the address, data, and control buses to a Direct Memory Access (DMA) controller.
Hence,
\[
\boxed{\text{DMA operation}}
\]
is the correct answer.
Therefore,
\[
\boxed{(A)}
\]
is the correct answer.