Select the accurate description of Nobel Memorial Prize in Economic Sciences.
- A. The highest military decoration awarded for gallantry in the presence of the enemy to British and Commonwealth forces
- B. A prize in economics established by Sweden's central bank and first awarded in 1969, administered alongside the original Nobel Prizes ✓
- C. One of the original Nobel Prizes, awarded annually for outstanding contributions in the field of physics
- D. A civilian award of India recognizing distinguished contributions in various fields
Correct answer
B. A prize in economics established by Sweden's central bank and first awarded in 1969, administered alongside the original Nobel Prizes
Explanation
'Nobel Memorial Prize in Economic Sciences' refers to a prize in economics established by Sweden's central bank and first awarded in 1969, administered alongside the original Nobel Prizes.