Consider the following statements 1. Nobel Prize, any of the prizes (five in number until 1969, when a sixth was added) that are awarded annually from a fund bequeathed for that purpose by the Swedish inventor and industrialist Alfred Bernhard Nobel. 2. The first distribution of the prizes took place on December 10, 1901, the fifth anniversary of Nobel’s death. Which of the statements given above is/are correct?

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Explanation: After Nobel’s death, the Nobel Foundation was set up to carry out the provisions of his will and to administer his funds. In his will, he had stipulated that four different institutions—three Swedish and one Norwegian—should award the prizes.

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