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Topic 355 · Awards, Honours, Persons & Appointments

Nobel Literature and Economics 2026

10 MCQs · tap an option to check it · All answers

Revise the 12 points first Book 1 RATNA
  1. Core Trigger: The Nobel Prize in Literature went to Canada's Anne Carson, announced on 8 October 2026.
  2. Citation: The Swedish Academy praised her oeuvre for creating new forms in dialogue with the classical tradition.
  3. Economics: On 12 October 2026 the Economics prize went to US economists Robert Hall and Michael Woodford.
  4. Key Term: The Economics prize is formally the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
  5. Data: The Literature prize carries 12 million Swedish kronor; the Economics work covers microeconomic foundations of macroeconomic stabilisation.
  6. Affiliations: Hall is at Stanford University and Woodford at Columbia University.
  7. India Link: India's inflation-targeting regime, the RBI Act amendment of 2016, reflects the stabilisation debate behind the prize.
  8. Headquarters: The Swedish Academy and the Riksbank are both in Stockholm, Sweden.
  9. Founded: The Economics prize was first awarded in 1969; it is not an original Nobel Prize.
  10. Landmark: The Finance Act, 2016 amended the RBI Act, 1934 to create a statutory Monetary Policy Committee.
  11. Articles: Union List Entry 36 covers currency and legal tender; Entry 38 covers the Reserve Bank of India.
  12. Definition: Under RBI Act Section 45ZA the Centre notifies the inflation target, in consultation with the RBI, every five years.
Question 1 of 10

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

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Answer: (D) 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

Question 2 of 10

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

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Answer: (B) Classical

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

Question 3 of 10

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

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Answer: (B) Robert Hall 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

Question 4 of 10

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

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Answer: (D) 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

Question 5 of 10

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

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Answer: (A) Only 1

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

Question 6 of 10

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

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Answer: (B) 2016

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

Question 7 of 10

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

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Answer: (D) Stockholm

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

Question 8 of 10

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?

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Answer: (A) Only 1

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

Question 9 of 10

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

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Answer: (C) Monetary Policy Committee

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

Question 10 of 10

Who notifies India's inflation target every five years?

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Answer: (A) Centre, after consulting RBI

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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