What term is best described by the following? a prize in economics established by Sweden's central bank and first awarded in 1969, administered alongside the original Nobel Prizes.
Difficulty: Hard
About this MCQ
This Hard Awards, Prizes and Honors question asks: What term is best described by the following? a prize in economics established by Sweden's central bank and first awarded in 1969, administered alongside the original Nobel Prizes. The correct choice is C. Nobel Memorial Prize in Economic Sciences. Read the options below, commit to one, then use the explanation to see why that choice holds and why the others do not.
Awards, Prizes and Honors items like this one are written for Pakistan exams such as CSS, FPSC, PPSC, and NTS. The difficulty label is a hint about how much of the topic the stem assumes, not a score. Tags and exam names, when they are present, tell you where else the same idea is tested. Previous and next links stay in Awards, Prizes and Honors so you can continue the subject. Related questions point at nearby stems if you want another angle on the same idea.
Treat the explanation as part of the question, not a footnote. If you missed it, reread the stem against the correct option before you open the next Awards, Prizes and Honors item. A timed quiz is the same pool with a clock and a score. A past paper is a full sitting rather than this single question.
- A. Nobel Prize in Physiology or Medicine
Why not A: “Nobel Prize in Physiology or Medicine” does not fit this question. The answer is Nobel Memorial Prize in Economic Sciences.
- B. Nobel Peace Prize
Why not B: “Nobel Peace Prize” does not fit this question. The answer is Nobel Memorial Prize in Economic Sciences.
- C. Nobel Memorial Prize in Economic Sciences ✓
- D. Pulitzer Prize
Why not D: “Pulitzer Prize” does not fit this question. The answer is Nobel Memorial Prize in Economic Sciences.
Correct answer
C. Nobel Memorial Prize in Economic Sciences
Explanation
Nobel Memorial Prize in Economic Sciences (option C) is the accepted answer to “What term is best described by the following? a prize in economics established by Sweden's central bank and first awarded in 1969, administered alongside the original Nobel Prizes.”. Option A (Nobel Prize in Physiology or Medicine) does not fit this question. Option B (Nobel Peace Prize) does not fit this question. Option D (Pulitzer Prize) does not fit this question. For this Awards, Prizes and Honors question, the accepted answer is Nobel Memorial Prize in Economic Sciences.
Source: General Knowledge Official Reference Guide
Tags: FPSC, PPSC, General Knowledge, NTS, Awards, Prizes and Honors
Submitted by: MCQsHub Editorial
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