Step 1: Use Slopes:
The lines $y=mx$ satisfy $1-2pm-m^2=0$, i.e. $m^2+2pm-1=0$. So $m_1+m_2=-2p$ and $m_1m_2=-1$.
Step 2: Bisector Angle:
If the lines make angles $\theta_1,\theta_2$ with the x-axis, a bisector makes angle $\varphi=(\theta_1+\theta_2)/2$. So $\tan2\varphi=\tan(\theta_1+\theta_2)=\dfrac{m_1+m_2}{1-m_1m_2}=\dfrac{-2p}{2}=-p$.
Step 3: Use the Given Bisector Pair:
A bisector slope $n$ satisfies $n^2+2qn-1=0$, so $1-n^2=2qn$. Then $\tan2\varphi=\dfrac{2n}{1-n^2}=\dfrac{2n}{2qn}=\dfrac1q$. Setting $\dfrac1q=-p$ gives $pq=-1$. Option (D).
Final Answer:
Option (D).
\[ \boxed{\text{(D) } pq+1=0} \]