Step 1: Analyzing the behavior of \( f(x) \).
For \( x \neq 0 \), \( f(x) = x^3 \sin \left( \frac{1}{x} \right) \), and as \( x \to 0 \), the term \( \sin \left( \frac{1}{x} \right) \) oscillates between -1 and 1, so \( f(x) \to 0 \).
Step 2: Continuity and Differentiability.
Since \( \lim_{x \to 0} f(x) = 0 \), we know that \( f(x) \) is continuous at \( x = 0 \). However, due to the oscillatory behavior of \( \sin \left( \frac{1}{x} \right) \), \( f(x) \) is not differentiable at \( x = 0 \).
Step 3: Conclusion.
Option (C) is false because the function does not have infinitely many maxima and minima on the interval \( (0, 1) \). It oscillates, but not in the manner described.