Question : Amartya Sen was awarded the Nobel Prize for his contribution to
Option 1: Monetary Economics
Option 2: Welfare Economics
Option 3: Econometrics
Option 4: Development Economics
Correct Answer: Welfare Economics
Solution : The correct option is - Welfare Economics.
Amartya Sen, an Indian economist, received the 1998 Nobel Prize in Economic Sciences in recognition of his contributions to welfare economics and social choice theory.
Sen is best known for his research on the causes of famine, which helped to create workable methods for stopping or reducing the impacts of actual or imagined food shortages.
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