With reference to the Logistic Performance Index LPI consider the following statements It is publish...........

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With reference to the Logistic Performance Index (LPI), consider the following statements.

It is published by the United Nations Conference on Trade and Development (UNCTA).
It indicates the relative ease and efficiency with which products can be moved into and inside a country.
India was placed at fifth position on the LPI rankings 2017.

Select the correct answer using the codes below.

1 and 2 only

2 only

1 and 3 only

2 and 3 only

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Explanation:

Statement 1: Logistics Performance Index is reported by World Bank in every 2 years.

Statement 2: It is the weighted average of the country scores on the following six key dimensions: efficiency of the clearance process (i.e. speed, simplicity and predictability of formalities) by border control agencies, including Customs; Quality of trade and transport related infrastructure (e.g. ports, railroads, roads, information technology); Ease of arranging competitively priced shipments; Competence and quality of logistics services (e.g., transport operators, customs brokers); Ability to track and trace consignments; Timeliness of shipments in reaching destination within the scheduled or expected delivery time.

Statement 3: Germany and Singapore are the most efficient and highest ranked LPI countries. India is ranked in the 30s in the rank list.