Question

Which organization instituted the Nobel Prize in Economics?

• A. Svenska Handelsbanken
• B. International Monetary Fund
• C. Economics Department of Oxford University
• D. Sveriges Riksbank

Answer 1

The Correct Option is D

The Nobel Prize in Economics, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was instituted by Sveriges Riksbank, the central bank of Sweden, in 1968. This prize was established to mark the bank’s 300th anniversary and is awarded annually for outstanding contributions in the field of economics.

Organization	Explanation
Svenska Handelsbanken	A major bank in Sweden but not related to the Nobel Prize in Economics.
International Monetary Fund	An international organization working to foster global monetary cooperation but not associated with the institution of the Nobel Prize in Economics.
Economics Department of Oxford University	Renowned for its research in economics but not involved in the foundation of the Nobel Prize in Economics.
Sveriges Riksbank	The organization that instituted the Nobel Prize in Economics.