Final answer:
The statement is true because UDP is a simpler protocol that focuses on speed rather than guaranteed delivery, making it faster compared to the more reliable but slower TCP.
Step-by-step explanation:
The statement 'UDP transport protocol is simpler and faster than TCP transport protocol' is true. The User Datagram Protocol (UDP) is simpler because it provides a connectionless service that emphasizes reduced latency over reliability. Unlike TCP (Transmission Control Protocol), UDP does not establish a connection before sending data, does not guarantee data delivery, and does not ensure the order of packets. Therefore, UDP is faster since it has less overhead than TCP.