Option 1 states that the GSLV-D5 puts India in an elite club with Russia, USA, China, Japan, and France. This means that the successful launch of the GSLV-D5 places India among the countries that have the capability to launch satellites into space. This statement is true.

Option 2 states that the GSLV-D5 uses an indigenously built cryogenic engine. A cryogenic engine is a type of rocket engine that uses cryogenic propellants, which are gases that have been cooled to extremely low temperatures. This statement is true.

Option 3 states that the GSLV-D5 can place communication satellites into orbit without depending on any other country. This means that India has achieved self-reliance in launching communication satellites. This statement is true.

Option 4 states that the GSLV-D5 placed INSAT-14 precisely into its orbit. This indicates that the satellite was successfully launched and positioned in its intended orbit. The statement provided is not true because the GSLV-D5 did not place INSAT-14 precisely into its orbit.

In conclusion, the answer is option 4, as it is the statement that is not true. Alert - correct answer should be option 4