Step 1: Understanding the Concept:
This question tests knowledge of the internal structure of the Earth (Crust, Mantle, Core) and the Earth's surface composition.
Step 2: Detailed Explanation:
1. Statement (A): Correct. The continental crust is primarily made of SIAL (Silica and Aluminium).
2. Statement (B): Correct. While the inner core is solid due to immense pressure, the outer core is in a liquid/molten state consisting of Iron and Nickel at extremely high temperatures. Generally, the statement regarding the core containing liquid metals is accepted as true in this context.
3. Statement (C): Incorrect. The core is dominant in Iron and Nickel (called NIFE). Magnesium is more abundant in the mantle and the lower crust (SIMA). Phosphorus is not a dominant metal in the core.
4. Statement (D): Correct. Water (Hydrosphere) covers about 71% of the Earth's surface.
Step 3: Final Answer:
Statements (A), (B), and (D) are correct.