Concept:
Egyptian civilization developed along the Nile River. It is famous for pyramids, temples, mummies, hieroglyphs, pharaohs, and monumental architecture.
Step 1: Check statement A.
The Nile River was the lifeline of Egyptian civilization.
So, statement A is correct.
Step 2: Check statement B.
Karnak Temple is one of the most famous temple complexes of ancient Egypt.
So, statement B is correct.
Step 3: Check statement C.
Mummies are strongly associated with Egyptian funerary practices.
So, statement C is correct.
Step 4: Check statement D.
Yellow River is associated with Chinese civilization, not Egyptian civilization.
So, statement D is incorrect.
Step 5: Check statement E.
Erasmus was a Renaissance humanist scholar and is not associated with ancient Egyptian civilization.
So, statement E is incorrect.
Thus, the correct statements are:
\[
A,\ B,\ C
\]
Hence, the correct answer is:
\[
\boxed{\text{(C) A, B and C only}}
\]