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Which of the following statement is/are not true about the Nobel Prize in Economics? 1. In 1958 Sweden's Central Bank established the Prize in Econo
Question

Which of the following statement is/are not true about the Nobel Prize in Economics?
1. In 1958 Sweden's Central Bank established the Prize in Economic Sciences in the memory of Alfred Nobel.
2. In 2019 Nobel Prize in Economics was shared by three people.
3. The 2019 Laureates in Economic Sciences are Abhijit Banerjee, Esther Duflo and Michael Kremer.

A.

Only 1

B.

Only 1 & 2

C.

Only 3

D.

Only 1 & 3

Correct option is A

The correct answer is (a) Only 1
Explanation:
Statement 1 is not true. The Sveriges Riksbank (Sweden’s Central Bank) established the Prize in Economic Sciences in the memory of Alfred Nobel in 1968, not in 1958.
Statement 2 is true. The Nobel Prize in Economics for 2019 was jointly awarded to three economists.
Statement 3 is true. The 2019 laureates were Abhijit Banerjee, Esther Duflo and Michael Kremer for their experimental approach to alleviating global poverty.
Information Booster:
The Prize in Economic Sciences was first awarded in 1969.
Esther Duflo became the youngest and second woman to receive the Economics Nobel.
Abhijit Banerjee is the first Indian-born recipient of the Nobel Prize in Economics.

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