Step 1: Method
Test each statement against what we know about hydrogen.
Step 2: Isotopes
Natural hydrogen is mostly protium (99.98%), with deuterium (0.016%) and trace tritium, which is radioactive. That is three isotopes, not two, so statement (A) is incorrect.
Step 3: Other statements
The position above group 1 is the standard textbook placement, losing one electron gives $\text{H}^+$ (a proton), and hydrogen is found combined as water, acids and organic compounds, so these three are correct.
Step 4: Result
Therefore (A) is the false statement.
Final Answer:
Hydrogen has three isotopes, so (A) is false. This is option (A).
\[ \boxed{\text{(A) }\text{It has two isotopes}} \]