NIFT PG 2020 Question Paper with solutions

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CASE 1
 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 (commonly known as the Nobel prize for economics) has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty."
 Through the award, the Nobel committee recognised both the significance of development economics in the world today and the innovative approaches developed by these three economists.
 Esther Duflo is also only the second woman to be awarded the prize (after Elinor Ostrom in 2009 ). Banerjee, who is also her husband, is the third ever non-white recipient (after Arthur Lewis in 1979 and Amartva Sen in 1998 )
 In a recent issue of the journal Nature, Goran Hansson, head of the Royal Swedish Academy of Sciences that awards the Nobel, highlighted measures to address the imbalance in gender and ethnicity among winners.
 He said "we are making sure to elect women to the academy" from which the prize-awarding committees for the chemistry, physics and economics Nobels are drawn. The first woman to win the John Bates Clark Medal for top economists under 40 , an important indicator of who will be awarded the economics Nobel in the future Susan Athey, only did so in 2007 .
 Esther Duflo was the second winner in 2010. Since then, women winners of the Clark medal have been more frequent.
 Of course, award decisions are made strictly on significance of contributions. But, based on this evidence, perhaps Athey, Amy Finkelstein (who won the medal in 2012 ) and Emi Nakamura (who won it in 2019 ) will not be far behind.
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