Upon reaching terminal velocity, the ball experiences zero net force. This condition implies that the viscous drag force \( F_d \) is equal in magnitude to the ball's weight:
\[
F_d = Mg
\]
For an object moving in a viscous fluid, Stokes' law describes the drag force:
\[
F_d = 6 \pi \eta r v
\]
Here, \( \eta \) represents the medium's viscosity, \( r \) is the ball's radius, and \( v \) is its velocity. Terminal velocity is achieved when the gravitational force pulling the object downwards is counteracted by the opposing viscous force. Given that the glycerine's density is half that of the ball, the drag force \( F_d \) at terminal velocity is equivalent to the ball's weight, \( Mg \).
Therefore, the viscous force on the ball is \( Mg \). The correct answer is \( \boxed{Mg} \).