Step 1: Lymphocytes, including natural killer (NK) cells, originate in the bone marrow and circulate in blood and lymph — Assertion is true.
Step 2: Certain lymphocytes migrate to the thymus for maturation into T-cells — Reason is true.
Step 3: The Reason describes T-cell development but not the function of lymphocytes as NK cells, thus option (B) is correct.