Concept:
Capacitance and energy of a capacitor depend on geometry, dielectric medium, and whether the capacitor is isolated or connected to a source.
Statement-wise Analysis:
(A)
{Equivalent capacitance is lower than the least of capacitors present in series.}
In series combination:
\[
\frac{1}{C_{\text{eq}}} = \sum \frac{1}{C_i}
\]
Hence, \(C_{\text{eq}}\) is always less than the smallest capacitor.
\(\Rightarrow\) True
(B)
{One method of increasing the capacitance is to decrease the distance between plates and increase cross-sectional area.}
Capacitance:
\[
C = \varepsilon_0 \varepsilon_r \frac{A}{d}
\]
Decreasing \(d\) and increasing \(A\) increases \(C\).
\(\Rightarrow\) True
(C)
{Electric field inside an isolated capacitor decreases after inserting a dielectric.}
For an isolated capacitor, charge remains constant.
Insertion of dielectric increases capacitance, so:
\[
E = \frac{\sigma}{\varepsilon_0 \varepsilon_r}
\]
Electric field decreases by factor \(\varepsilon_r\).
\(\Rightarrow\) True
(D)
{Displacement of charge does not happen when a dielectric is inserted in an isolated capacitor because dielectric acts like an insulator.}
No free charge flows through the dielectric; only bound charges rearrange.
Charge on plates remains unchanged.
\(\Rightarrow\) True
(E)
{Energy of isolated capacitor increases when a dielectric is inserted.}
For isolated capacitor:
\[
U = \frac{Q^2}{2C}
\]
Since \(C\) increases, energy decreases.
\(\Rightarrow\) False
Final Conclusion:
Correct statements are \(\boxed{A,\,B,\,C,\,D}\).