**Core Concept**
The question assesses the cognitive abilities of individuals with intellectual disability, specifically those with a low IQ score. Intellectual disability is characterized by significant limitations in both intellectual functioning (such as learning, reasoning, problem-solving) and adaptive behavior, which covers a range of everyday social and practical skills.

**Why the Correct Answer is Right**
Individuals with an IQ score of 50 are classified as having a severe intellectual disability. They typically require support in all aspects of daily life, including communication, self-care, and social skills. They may have difficulty with verbal and non-verbal communication, problem-solving, and learning new skills. However, with support, they can learn simple skills and adapt to their environment. Option C, "Can follow simple verbal commands," is the most accurate statement about a child with an IQ of 50.

**Why Each Wrong Option is Incorrect**
**Option A:** Individuals with severe intellectual disability cannot look after themselves independently due to significant limitations in adaptive behavior.

**Option B:** Studying up to the 8th standard is unlikely for a child with an IQ of 50, as they may struggle with academic tasks and learning new skills.

**Option D:** Handling money is a complex task that requires significant cognitive and adaptive skills, which individuals with severe intellectual disability may not possess.

**Option E:** Recognizing family members may be challenging for individuals with severe intellectual disability due to difficulties with memory, communication, and social skills.

**Clinical Pearl / High-Yield Fact**
Intellectual disability is classified into four levels: mild (IQ 50-69), moderate (IQ 35-49), severe (IQ 20-34), and profound (IQ below 20). A child with an IQ of 50 falls into the severe category, requiring significant support in daily life.

**Correct Answer:** C. Can follow simple verbal commands.