Step 1: Lymphocytes, including natural killer (NK) cells, do arise from bone marrow and are present in blood and lymph — Assertion is true.
Step 2: Some lymphocytes migrate to the thymus to develop into mature T-cells — Reason is true.
Step 3: However, the Reason explains T-cell development, not the role of lymphocytes as NK cells — so option (B) is correct.