When R=0, S=0 we don’t have a change in the output in the circuit.
When R=0, S=1 we have output as Q=1 and Q bar = 0
When R=1, S=0 we have the output as Q=0 and Q bar = 1
But when we have R=1, S=1, both R and S make outputs of their NOR gates 0. Hence we have Q=0, Q bar = 0 which is not a valid case as Q & Q bar should be compliment of each other and hence we don’t consider this case. This is called RACE CONDITION. All these cases can be collectively represented in a table as follow:

Let’s draw the timing diagram of the RS latch: t is the delay for a NOR gate.

Initially we have R=0, S=0 and Q=0. When value of S changes to 1, we see in the circuit of RS latch, output of NOR gate (which is Q’) becomes 0 after delay of t ns. Hence both Q & Q’ are 0.Now inputs of other NOR gate become R=0 & Q’=0 and hence we get Q as 1 after another delay of t ns which is shown in the timing diagram. Similarly other outputs are shown.
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