Correct Answer: Correct answer is: (D) Welfare.
Exam Relevance: UPSC, GRE, GMAT, Economics Olympiad
Difficulty: Moderate
Concept notes: Amartya Sen, an Indian economist, was awarded the Nobel Prize in Economics for his contributions to welfare economics, particularly his work on the causes of famine and poverty.
Common Mistakes: Students might confuse Amartya Sen's work with other areas of economics, such as production or globalization, which are not the primary focus of his Nobel Prize-winning research.
Explanations: Amartya Sen's work primarily focused on welfare economics, which includes the study of poverty, inequality, and social justice. His research on the causes of famine and poverty has significantly contributed to the field of welfare economics, leading to his Nobel Prize in Economics.
Option Analysis: - Option A: Exchange is not the primary focus of Amartya Sen's Nobel Prize-winning work.
- Option B: Globalization is not the primary focus of Amartya Sen's Nobel Prize-winning work.
- Option C: Production distribution is not the primary focus of Amartya Sen's Nobel Prize-winning work.
- Option D: Welfare is the correct focus of Amartya Sen's Nobel Prize-winning work.
Mnemonic: Welfare Work Wins (WWW)
Ques 51 explanation is not related to the question…
Very useful question but plz give explanation with correct answer