CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India’s rank in Global House Price Index-Q1 2021:
A
43rd
B
96tg
C
55th
D
99th
Explanation: 

Detailed explanation-1: -The correct answer is 55. Indian property market has moved down 12 spots in Knight Frank’s Global House Price Index to 55th rank in the first quarter of 2021 against 43rd rank in 2020. It saw a decline of 1.6% year-on-year (YoY) in home prices.

Detailed explanation-2: -Turkey led the index with the highest annual price growth rate of 59.6 percent in the year to Q4 2021 in nominal terms.

Detailed explanation-3: -In its latest research report Global House Price Index – Q4 2021, Knight Frank cited that India climbed up five spots to attain the 51st rank in Q4 2021 against 56th rank in Q4 2020.

Detailed explanation-4: -India scores 46th rank in the Global Innovation Index 2021. India has climbed 2 spots and has been ranked 46th by the World Intellectual Property Organization in the Global Innovation Index 2021 rankings.

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