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
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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