Correct Answer - Option 4 : 1968
The correct answer is 1968.
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The Nobel Prize for Economics was instituted in 1968.
- The Nobel Prize for Economics was instituted in 1968 but was first awarded in 1969.
- The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen "for having developed and applied dynamic models for the analysis of economic processes.
- The 2020 Nobel Prize in Economic Sciences has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats.
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1998 was awarded to Amartya Sen "for his contributions to welfare economics."
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Amartya Sen is the first Indian to receive Nobel Prize in Economics.
- Alfred Nobel was a Swedish chemist, engineer, and industrialist most famously known for the invention of dynamite.
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Malala Yousuafzai became the Youngest person to receive a Nobel Prize at the age of 17, Nobel Peace Prize (2014).
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John B. Goodenough; at the age of 97, received Nobel Prize in Chemistry (2019) is the Oldest person to receive a Nobel Prize.
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Rabindranath Tagore was the first Indian ever to receive a Nobel Prize.
- He was awarded the Nobel Prize for Literature in recognition of his work Geetanjali, a collection of poems, in 1913.
