CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Indian city was India’s most expensive city that included in the list of top 20 most-expensive cities in Asia for expatriates as its residential housing prices were the highest in the world?
A
Mumbai
B
New Delhi
C
Chennai
D
Bengaluru
Explanation: 

Detailed explanation-1: -Mumbai. Often called the city of dreams in India and India’s financial capital, Mumbai is undoubtedly the costliest city in the country. Mercer’s 2022 Cost of Living City Ranking ranks Mumbai as the most expensive city in India.

Detailed explanation-2: -According to Mercer’s 2022 Cost of Living survey, Mumbai is the most expensive city to live in India.

Detailed explanation-3: -At the top end of the index is Singapore, which was the world’s joint most expensive city in 2022, along with New York.

Detailed explanation-4: -Singapore. As a global financial hub, Singapore’s high cost of living can be attributed to its high GDP per capita, which is expected to trend at around USD 61,000. The country’s small size, limited natural resources, and land constraints also contribute to its expensive living costs.

Detailed explanation-5: -Hyderabad has emerged as the second most expensive housing market in the country after Mumbai. It is the capital and largest city of the Indian state of Telangana.

There is 1 question to complete.