I would like to explain the comment of @Ram Swaroop :
WHAT DO WE MEAN WHEN WE SAY "RESPECTIVELY"
example : This BLUE pen and RED pen belongs to RAM and SHAM respectively.Will mean (BLUE,RAM) and (RED,SHAM) are related.
similarily
R and T are the children of the siblings P and S respectively.
will mean (R,P) and (T,S) are related such that R is the child of P and T is the child of S.
so S is the mother /father of T.
thus the statemant (B) is the false one.