Nobel Literature and Economics 2026

1. Question 1Answer D

   Which Canadian author won the Nobel Prize in Literature, announced on 8 October 2026?

   • AMargaret Atwood
   • BAlice Munro
   • CMichael Ondaatje
   • DCorrect answer: Anne Carson

   Core Trigger: The Nobel Prize in Literature went to Canada's Anne Carson, announced on 8 October 2026.From Book 1 RATNA, topic 355, point 1

2. Question 2Answer B

   The Swedish Academy praised her oeuvre for creating new forms in dialogue with which tradition?

   • ARomantic
   • BCorrect answer: Classical
   • CModernist
   • DOral folk

   Citation: The Swedish Academy praised her oeuvre for creating new forms in dialogue with the classical tradition.From Book 1 RATNA, topic 355, point 2

3. Question 3Answer B

   Which US economists won the Economics prize on 12 October 2026?

   • ARobert Hall and Paul Romer
   • BCorrect answer: Robert Hall and Michael Woodford
   • CMichael Woodford and Lars Hansen
   • DRobert Shiller and Michael Woodford

   Economics: On 12 October 2026 the Economics prize went to US economists Robert Hall and Michael Woodford.From Book 1 RATNA, topic 355, point 3

4. Question 4Answer D

   The Economics prize is formally the Sveriges Riksbank Prize in Economic Sciences in memory of whom?

   • AAdam Smith
   • BJohn Maynard Keynes
   • CGunnar Myrdal
   • DCorrect answer: Alfred Nobel

   Key Term: The Economics prize is formally the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.From Book 1 RATNA, topic 355, point 4

5. Question 5Answer A

   1. The Literature prize carries 12 million Swedish kronor. 2. The Economics work covers international trade theory. Which is/are correct?

   • ACorrect answer: Only 1
   • BOnly 2
   • CBoth 1 and 2
   • DNeither

   Data: The Literature prize carries 12 million Swedish kronor; the Economics work covers microeconomic foundations of macroeconomic stabilisation.From Book 1 RATNA, topic 355, point 5

6. Question 6Answer B

   India's inflation-targeting regime came through an amendment to the RBI Act in which year?

   • A2008
   • BCorrect answer: 2016
   • C2012
   • D2019

   India Link: India's inflation-targeting regime, the RBI Act amendment of 2016, reflects the stabilisation debate behind the prize.From Book 1 RATNA, topic 355, point 7

7. Question 7Answer D

   In which city are both the Swedish Academy and the Riksbank located?

   • AOslo
   • BUppsala
   • CGothenburg
   • DCorrect answer: Stockholm

   Headquarters: The Swedish Academy and the Riksbank are both in Stockholm, Sweden.From Book 1 RATNA, topic 355, point 8

8. Question 8Answer A

   1. The Economics prize was first awarded in 1969. 2. It is one of the original prizes in Alfred Nobel's will. Which is/are correct?

   • ACorrect answer: Only 1
   • BOnly 2
   • CBoth 1 and 2
   • DNeither

   Founded: The Economics prize was first awarded in 1969; it is not an original Nobel Prize.From Book 1 RATNA, topic 355, point 9

9. Question 9Answer C

   The Finance Act amended the RBI Act, 1934 to create which statutory body?

   • AFinancial Stability Board
   • BBanking Codes Board
   • CCorrect answer: Monetary Policy Committee
   • DPayments Regulatory Board

   Landmark: The Finance Act, 2016 amended the RBI Act, 1934 to create a statutory Monetary Policy Committee.From Book 1 RATNA, topic 355, point 10

10. Question 10Answer A

    Who notifies India's inflation target every five years?

    • ACorrect answer: Centre, after consulting RBI
    • BRBI alone
    • CFinance Commission
    • DNITI Aayog

    Definition: Under RBI Act Section 45ZA the Centre notifies the inflation target, in consultation with the RBI, every five years.From Book 1 RATNA, topic 355, point 12

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