Concept:
Bohr model explains the arrangement of electrons in atoms in fixed energy levels. According to this model, electrons revolve around the nucleus in definite orbits or shells.
Step 1: Check statement A.
Energy levels are related to shells. In atomic structure, shells and subshells describe electron arrangement.
\[
A \text{ is correct}
\]
Step 2: Check statement B.
According to Bohr model, electrons can have only certain fixed energies. This means energy is quantized.
\[
B \text{ is correct}
\]
Step 3: Check statement C.
Electrons farther from the nucleus have higher energy, not lower energy. Therefore, this statement is wrong.
\[
C \text{ is incorrect}
\]
Step 4: Check statement D.
Principal quantum number \(n\) cannot have values from 0 to 1 only. It has positive integral values:
\[
n = 1, 2, 3, 4, \ldots
\]
So statement D is incorrect.
\[
D \text{ is incorrect}
\]
Step 5: Check statement E.
Electrons are arranged in a series of energy levels around the nucleus.
\[
E \text{ is correct}
\]
Therefore, the correct statements are:
\[
A, B \text{ and } E
\]
\[
\therefore \text{Correct Answer is (D)}
\]