Question

The prize established, based on a donation from the Sveriges Riksbank in memory of Alfred Nobel, is the

• A. Prize in Medicine
• B. Prize in Economic Sciences
• C. Peace Prize
• D. Prize in Literature

Hint:

Only the Economics Prize was added later; all other Nobel Prizes were established in Nobel’s will.

Answer 1

The Correct Option is B

Step 1: Understanding the origin of the prize
The Nobel Prizes were established in 1895 according to Alfred Nobel's will. However, the Prize in Economic Sciences was not part of the original set.
Step 2: Sveriges Riksbank's contribution
In 1968, the central bank of Sweden, Sveriges Riksbank, made a donation to the Nobel Foundation to create a prize in Alfred Nobel’s memory.
Step 3: Official name
Its official name is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, first awarded in 1969.
\[ \boxed{\text{Prize in Economic Sciences}} \]