Step 1: Using the wave speed formula.
The speed of transverse wave \( V \) along a string is given by the formula:
\[
V = \sqrt{\frac{T}{\mu}}
\]
where \( T \) is the tension and \( \mu \) is the mass per unit length, which is given by \( \mu = \frac{M}{L} = \rho A \), where \( A \) is the area of cross-section.
Step 2: Solving for \( A \).
By substituting \( \mu = \rho A \) into the wave speed formula, we get:
\[
V = \sqrt{\frac{T}{\rho A}} \Rightarrow A = \frac{T}{V^2 \rho}
\]
Step 3: Conclusion.
The correct answer is (B), \( \frac{T}{V^2 \rho} \).