Step 1: Review fluid classifications.
- Pseudoplastic (shear-thinning) fluids: viscosity decreases with increasing shear rate. Statement (A) is correct.
- Dilatant (shear-thickening) fluids: viscosity increases with shear rate. Statement (B) is correct.
- Bingham plastics: behave like rigid solids until yield stress is applied, after which they flow like a viscous fluid. Statement (C) is correct.
- Thixotropic fluids: viscosity decreases with time under constant shear. Rheopectic fluids: viscosity increases with time under constant shear. Both are time-dependent fluids, not time-independent. Statement (D) is incorrect.
Step 2: Conclude.
Therefore, the incorrect statement is that thixotropic and rheopectic fluids are time-independent.
Final Answer:
\[
\boxed{\text{Rheopectic and thixotropic are NOT time independent fluids.}}
\]