Step 1: Understanding the Concept:
Policy formulation involves setting goals and choosing among alternatives within the Indian constitutional framework.
Step 2: Detailed Explanation:
- (A) is correct: Major policy decisions require Cabinet approval.
- (B) is correct: Members of Parliament provide the broad political framework and legislative approval.
- (C) is correct: Bureaucrats engage in "delegated legislation" to frame rules.
- (D) is incorrect: The Judiciary has the power of judicial review and can strike down or modify policies if they are unconstitutional.
Step 3: Final Answer:
Statements A, B, and C are correct.