From the circuit diagram:
The T flip-flop has input T=Q0 and output Q1.
The D flip-flop has input D=Q1 and output Q0.
The next-state equations are:
Q1(n+1)=T⊕Q1(n)=Q0(n)⊕Q1(n) Q0(n+1)=D=Q1(n) Tracing cycle-by-cycle starting from initial state Q1Q0=11:
Initial (Cycle 0):Q1=1,Q0=1
Cycle 1:
Q1(1)=1⊕1=0,Q0(1)=1⟹Q1Q0=01 Cycle 2:
Q1(2)=1⊕0=1,Q0(2)=0⟹Q1Q0=10 Cycle 3:
Q1(3)=0⊕1=1,Q0(3)=1⟹Q1Q0=11 Cycle 4:
Q1(4)=1⊕1=0,Q0(4)=1⟹Q1Q0=01
Thus, Q1Q0 after the 3rd cycle is 11 and after the 4th cycle is 01.
Hence, the correct option is B.