Question : The Nobel Prize for Economics was instituted by
Option 1: Alfred Nobel
Option 2: Sweden's central bank
Option 3: The Nobel Committee
Option 4: World Bank
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Correct Answer: Sweden's central bank
Solution : The correct answer is Sweden's central bank.
In honour of Alfred Nobel, Sweden's central bank, Sveriges Riksbank, founded and funded the Nobel Memorial Prize in Economic Sciences in 1968 to commemorate the bank's 300th anniversary. The first prize in economics was awarded in 1969 to Ragnar Frisch & Jan Tinbergen.
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