Which of the following statement is true in regard of “UNESCO-Bangladesh Bangabandhu Sheikh Mujibur Rahman International Prize for the Creative Economy”?
1. It was approved at the 210th session of UNESCO’s Executive Board of UNESCO.
2. An amount of US$100,000 will be given to the recipients of the award.
3. Select the correct answer by using the code mentioned below.

Correct option is A

The correct answer is (a) Both 1 and 2
Explanation:
· The prize was created to promote the creative economy among youth and entrepreneurship.
· It was approved during the 210th session of UNESCO’s Executive Board.
· The award is named in honour of Bangabandhu Sheikh Mujibur Rahman, the Father of the Nation of Bangladesh.
· The prize carries an amount of USD 100,000, awarded every two years.
· The prize recognizes individuals or organizations contributing to creative entrepreneurship.
Information Booster:
· The first award was conferred in 2021.
· The prize supports the implementation of the UN Sustainable Development Goals (SDGs).
· It promotes inclusivity, innovation, and economic growth.
· UNESCO and Bangladesh jointly fund and administer the prize.
· The initiative highlights the importance of the creative economy in developing countries.
Additional Information:
• UNESCO recognized 2021 as the International Year of Creative Economy for Sustainable Development.
• The award reflects Sheikh Mujibur Rahman's vision of youth empowerment and nation-building through innovation.