Step 1: Understanding the Concept
Thyroxine from the thyroid gland controls metabolism and growth.
Step 2: Check each statement
1 is true: it raises basal metabolic rate.\n2 is true: it promotes growth.\n3 is true: it helps regulate reproductive cycles.\n4 is false: it enhances action of adrenaline.\n5 is true: it increases protein synthesis in growing individuals.
Step 3: Conclusion
Statements 1, 2, 3 and 5 are correct.
Final Answer:
Statements 1, 2, 3 and 5 are correct.
\[ \boxed{\text{(B) }\text{Statement 1,2,3 and 5 are correct}} \]