Which Indian was awarded the Nobel Prize in Economic Sciences in 1998?
- A.Abhijit Banerjee
- B.Amartya Sen
- C.Manmohan Singh
- D.Raghuram Rajan
Correct answer
Explanation
The correct answer is B, Amartya Sen, honoured in 1998 for his contributions to welfare economics, including work on social choice and on the causes of famine, which showed that famines occur even when food is available if people lack the means to obtain it.
Option A, Abhijit Banerjee, shared the prize in 2019 with Esther Duflo and Michael Kremer for an experimental approach to alleviating global poverty; he is of Indian origin and holds citizenship abroad, and the two Indian names in economics are regularly swapped in options. Option C, Manmohan Singh, was an economist and Prime Minister but never a Nobel laureate. Option D, Raghuram Rajan, served as Governor of the Reserve Bank of India and has not received the prize. Attach the years firmly: Sen in 1998, Banerjee in 2019.
Read the full article: Nobel Prizes: Origin, Categories and Indian Winners
Practice Questions
View allThe Nobel Prizes were instituted under the will of
- A.Alfred Nobel
- B.Andrew Carnegie
- C.Joseph Pulitzer
- D.Cecil Rhodes
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The Swedish chemist who invented dynamite signed his last will in 1895 and left most of his fortune to endow prizes for those who had conferred the greatest benefit on mankind.
Read the full explanation →In which year were the Nobel Prizes awarded for the first time?
- A.1895
- B.1896
- C.1901
- D.1913
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Alfred Nobel's estate had to be settled and the Nobel Foundation established before any prize could be given, so the first awards came five years after his death.
Read the full explanation →The Nobel Prize in Economic Sciences was instituted in 1968 by
- A.The Nobel Foundation
- B.The central bank of Sweden
- C.The Swedish Academy
- D.The Norwegian parliament
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Sveriges Riksbank founded the prize in 1968 to mark its three hundredth anniversary, and it was awarded for the first time in 1969.
Read the full explanation →The Nobel Peace Prize is presented in which city?
- A.Stockholm
- B.Oslo
- C.Geneva
- D.Copenhagen
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Alfred Nobel's will directed that the Peace Prize be decided by a committee appointed by the Norwegian parliament, while the other prizes were left to Swedish institutions, and the Peace Prize is therefore announced and presented in the Norwegian capital.
Read the full explanation →Who was the first Indian and the first Asian to be awarded a Nobel Prize?
- A.C. V. Raman
- B.Rabindranath Tagore
- C.Mother Teresa
- D.Har Gobind Khorana
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He also wrote the national anthems sung in India and in Bangladesh.
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