Explanation

Alfred Nobel (a Swedish chemist) initiated Nobel Prize in:

• Peace
• Physics
• Chemistry
• Physiology or Medicine
• Literature

In 1901, Nobel Prize was first awarded in Stockholm, Sweden,

expected the Peace Prize in Kristiania (now Oslo), Norway.

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Nobel Prize in Economics started in 1968

In 1968, Sveriges Riksbank (Sweden's central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize

Explanation

Explanation

First Nobel Prize in Economics – Key Points

Year & Recipients: 1969, awarded to Ragnar Frisch and Jan Tinbergen.

Reason: For developing and applying dynamic models to analyze economic processes.

Explanation

Wilhelm Conrad Roentgen received the first Nobel Prize in Physics (1901).

He discovered X-rays, which revolutionized medical diagnosis.

X-rays are widely used in hospitals to detect bone fractures.

The Nobel Prizes were established by Alfred Nobel.

Explanation

The first Noble Prize to be awarded to a South Asian was awarded to Rabindranath Tagore