Solution

Fish take in oxygen-rich water through their mouths and pump it over their gills. As water passes over the gill filaments, blood inside the capillary network picks up the dissolved oxygen. The circulatory system then transports the oxygen to all body tissues and ultimately to the cells. Hence The fishes respire through gills.
In fishes lungs are absent.
Hence The fishes have lungs for respiration is an incorrect statement.
So, the correct answer is 'False'.