In this question, you are being asked to determine which of the provided statements about the Trade Facilitation Agreement (TFA) are correct.

Option 1 suggests that only statement 1 (India has ratified the TFA of the WTO) and 2 (TFA is a part of WTO’s Bali Ministerial Package of 2013) are correct. The correct answer chooses this option, indicating that these two statements are indeed true.

Option 2 proposes that statements 1 and 3 (TFA came into force in January 2016) are the correct ones. However, the TFA actually came into force in February 2017, not January 2016, making statement 3 false.

Option 3 states that statements 2 and 3 are the correct ones. As discussed above, statement 3 is not correct.

Finally, option 4 suggests that all three statements are correct. As explained earlier, statement 3 is false, and so option 4 cannot be correct.

So, the correct answer is option 1: Statements 1 and 2 are correct, while statement 3 is false.