The city of Nasik is situated on the bank of the Godavari River. Option 1, Krishna River, is not correct as Nasik is not located on the banks of the Krishna River. Option 2, Mandovi River, is also incorrect as Mandovi River is located in the state of Goa and does not flow near Nasik. Option 4, Tapi River, is also incorrect as the city of Nasik is not situated on the banks of the Tapi River. Therefore, the correct answer is option 3, Godavari River. The city of Nasik is located on the banks of the Godavari River, which is one of the longest rivers in India. Nasik`s location on the banks of the Godavari River has made it an important religious and pilgrimage site, with several temples and ghats (stepped bathing places) along the river.