Question : In which field did Amartya Sen win the Nobel Prize?
Option 1: Micro Economics
Option 2: Welfare Economics
Option 3: Economic Growth Model
Option 4: Input Output Model
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Correct Answer: Welfare Economics
Solution : The correct answer is Welfare Economics.
Amartya Sen won the Nobel Prize in the year 1998 for Welfare Economics. Welfare Economics is a discipline of Economics that aims to examine economic policies in terms of their effects on community well-being. He was also awarded Bharat Ratna in the year 1999. The Sen Index, also known as the S-Index or S-Measure, is a poverty index developed by economist Amartya Sen in the 1970s.
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Question : The first Five Year Plan of the Government of India was based on
Option 1: Leontief input-output model
Option 2: Harrod-Domar model
Option 3: Mahalanobis two-sector model
Option 4: Mahalanobis four-sector model
Question : Who was the first American to win the Nobel Peace Prize?
Option 1: Abraham Lincoln
Option 2: George Bush
Option 3: Theodore Roosevelt
Option 4: Franklin Roosevelt
Question : Who introduced the term 'Hindu rate of growth'?
Option 1: Amartya Sen
Option 2: Raj Krishna
Option 3: V. K. R. V. Rao
Option 4: Kaushik Basu
Question : Production function explains the relationship between:
Option 1: initial inputs and ultimate output
Option 2: input and ultimate consumption
Option 3: output and consumption
Option 4: output and exports
Question : The Nobel Peace Prize is awarded in which city?
Option 1: Brussels
Option 2: Geneva
Option 3: Oslo
Option 4: Stockhlm
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