The correct option is B False
Answer is B.
The energy stored in the stretched bow and string is called elastic potential energy just as the energy stored in a lifted weight is called gravitational potential energy.
When the string is released, the potential energy is converted to the kinetic energy of the arrow. Elastic potential energy stored in the racket strings of a tennis player or the golf club's shaft is transferred to the kinetic energy of the ball.
Hence, the statement is false.