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    Question

    Which of the following cities is ranked as the No. 1

    Global Financial Centre in the world as per the Global Financial Centres Index 32 released in September 2022?
    A London Correct Answer Incorrect Answer
    B New York Correct Answer Incorrect Answer
    C Hong Kong Correct Answer Incorrect Answer
    D Singapore Correct Answer Incorrect Answer
    E Paris Correct Answer Incorrect Answer

    Solution

    New York: New York is considered the leading global financial center. It is home to the New York Stock Exchange (NYSE) and NASDAQ, the two largest stock exchanges in the world. It is also home to many of the world's largest banks and investment firms. New York's dominance in the financial industry is due to its favorable business environment, skilled labor force, and world-class infrastructure. It is ranked as the No. 1 GFC in the world as per the Global Financial Centres Index 32 released in September 2022.

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