GPSC USE MATTER OF WORLD PRIZE

For a comprehensive list of Nobel Prize recipients sorted by year, see List of Nobel laureates.

For more information on the distinct origin of the Nobel Prize in Economic Sciences, see Nobel Memorial Prize in Economic Sciences

The Nobel Prize
Awarded for	Outstanding contributions inPhysics, Chemistry, Literature,Peace, Physiology or Medicine, and Economic Sciences
Presented by	Swedish Academy Nobel committee of Royal Swedish Academy of Sciences Nobel committee of Karolinska Institutet Norwegian Nobel Committee
Country	Sweden Norway (Peace Prize only)
First awarded	1901
Official website	nobelprize.org

The Nobel Prize (Swedish pronunciation: [noˈbɛl], Swedish definite form, singular:Nobelpriset; Norwegian: Nobelprisen) is a set of annual international awards bestowed in a number of categories by Scandinavian committees in recognition of cultural and/or scientific advances. The will of the Swedish philanthropist inventor Alfred Nobel established the prizes in 1895. The prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace were first awarded in 1901.^[1]

The Peace Prize is awarded in Oslo, Norway, while the other prizes are awarded inStockholm, Sweden. The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature, medicine, physics, chemistry, peace, and economics.^[2]

The Royal Swedish Academy of Sciences awards the Nobel Prize in Physics, the Nobel Prize in Chemistry, and the Nobel Memorial Prize in Economic Sciences; the Nobel Assembly at Karolinska Institutet awards the Nobel Prize in Physiology or Medicine; theSwedish Academy grants the Nobel Prize in Literature; and the Nobel Peace Prize is not awarded by a Swedish organisation but by the Norwegian Nobel Committee.

Each recipient, or laureate, receives a gold medal, a diploma and a sum of money, which is decided by the Nobel Foundation, yearly. As of 2012, each prize was worth 8 million SEK (c. US$1.2 million, €0.93 million). The prize is not awarded posthumously; however, if a person is awarded a prize and dies before receiving it, the prize may still be presented.^[3]Though the average number of laureates per prize increased substantially during the 20th century, a prize may not be shared among more than three people.