2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to the Knight Frank Wealth Report 2018, Mumbai ranks _________ among the top 20 costliest cities in the world.
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12th
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15th
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16th
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14th
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Explanation:
Detailed explanation-1: -Knight Frank, a property consultancy based in London, has ranked Mumbai 22nd in a global index that measures the annual price appreciation of premium residential properties.
Detailed explanation-2: -The prime global cities index is a valuation-based index tracking the movement in prime residential prices in local currency across 45-plus cities worldwide. Mumbai moved up to 22nd rank in the third quarter of 2022 from 39th rank in the year-ago period.
Detailed explanation-3: -Home to 60,000 millionaires today, Mumbai is poised to become one of the wealthiest cities in the world, finding place among New York, Tokyo, and London.
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