Consider the following statements: I. > The Nodel Prize awarding ceremony takes place on Dec-10 of every year. II. > The Nobel Prize for Literature was added later on to the other five areas Physics, Chemistry, Physiology or Medicine, Peace and Economics.

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Q: 76 (IAS/2006)
Consider the following statements:
I. The Nodel Prize awarding ceremony takes place on Dec-10 of every year.
II. The Nobel Prize for Literature was added later on to the other five areas – Physics, Chemistry, Physiology or Medicine, Peace and Economics.
Which of the statements given above is/are correct?

question_subject: 

General Knowledge

question_exam: 

IAS

stats: 

0,7,24,7,7,12,5

keywords: 

{'nodel prize awarding ceremony': [0, 0, 1, 0], 'nobel prize': [1, 2, 6, 6], 'literature': [2, 1, 12, 3], 'chemistry': [0, 2, 4, 5]}

Option 1 indicates that the Nobel Prize award ceremony takes place on December 10 each year. This is true. The Nobel Prize has been awarded in this manner since 1901 in memory of Alfred Nobel, on his death anniversary.

Option 2 states that the Nobel Prize for Literature was added later on to the other five areas: Physics, Chemistry, Physiology or Medicine, Peace and Economics. This statement might cause confusion. Alfred Nobel`s will indeed set up prizes in Physics, Chemistry, Medicine, Literature and Peace. So the Literature Prize wasn`t added later, it was already there. However, the Economics Prize was added later (in 1968), but it`s not officially considered a "Nobel Prize," but it is referred to as such for convenience.

So, the correct answer is option 1 (I only), because while the first statement is correct, the second statement is partially incorrect.