84. Consider the following statements about Logistics Performance Index.
1.It accounts efficiency of the clearance process by border control agencies.
2.It accounts quality of trade and transport related infrastructure.
3. It is released by World Economic Forum.
4. In the latest edition India has moved up nineteen places.
Which of the above statement(s) is/are correct?
84. Consider the following statements about Logistics Performance Index.
1.It accounts efficiency of the clearance process by border control agencies.
2.It accounts quality of trade and transport related infrastructure.
3. It is released by World Economic Forum.
4. In the latest edition India has moved up nineteen places.
Which of the above statement(s) is/are correct?
The correct option is C Only 1, 2 and 4
The Logistics Performance Index (LPI) is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. It is the weighted average of the country scores on 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. This measure indicates the relative ease and efficiency with which products can be moved into and inside a country. Germany and Singapore are the most efficient and highest ranked LPI countries. In the 2016 Logistics Performance Index the top position is held by Germany. India holds 35th position, a significant improvement from 2014. Civil war-inflicted Syria holds the last position.
It is released by the World Bank.
The Logistics Performance Index (LPI) is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. It is the weighted average of the country scores on 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. This measure indicates the relative ease and efficiency with which products can be moved into and inside a country. Germany and Singapore are the most efficient and highest ranked LPI countries. In the 2016 Logistics Performance Index the top position is held by Germany. India holds 35th position, a significant improvement from 2014. Civil war-inflicted Syria holds the last position.
It is released by the World Bank.
