Consider the following statements: 1. Nobel prize in Physics, Chemistry, Physiology and Literature are awarded in Oslo, Norway. 2. The Nobel peace prize is awarded in Stockholm, Sweden. Which of the statements given above is/are correct?

(a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2Explanation: Both the given statements are correct regarding the Nobel Prize. The Nobel Prize is a set of annual international awards bestowed in a number of categories by Swedish and Norwegian committees in recognition of cultural and/or scientific advances. The will of the Swedish inventor Alfred Nobel established the prizes in 1895. The prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace were first awarded in 1901. The related Nobel Memorial Prize in Economic Sciences was created in 1968.