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2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was its rank of Mumbai in the Global Prime Cities Index by Knight Frank?
A
27th
B
25th
C
22nd
D
23rd
Explanation: 

Detailed explanation-1: -Mumbai stood at 22nd rank in a global index that measures annual price appreciation of premium residential properties, according to Knight Frank.

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: -Mumbai rose to 22nd place in the third quarter of 2022, from 39th place the previous year. Meanwhile, Bengaluru’s ranking improved to 27th from 41st, and New Delhi’s ranking improved to 36th from 38th.

Detailed explanation-4: -Overall, Dubai leads the annual rankings with growth of 64.8%.

Detailed explanation-5: -The GCI’s rankings of the top cities in 2022 reflect the self-reinforcing strength of the world’s leading global cities. The top four cities on the list-New York, London, Paris, and Tokyo-are unchanged from 2021 (see figure 1).

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