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Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the question.For significantly improving our understanding of the role of banks in the economy, particularly during financial crises, the Sveriges Riksbank Prize in Economic Sciences for 2022 was awarded on October 10 to three American economists: Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvi. The last of the Nobel Prize announcements for this year, the Economics Prize has gone to the three individuals for their role in research related to how banks function. Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises, said the Royal Swedish Academy of Sciences in its press release. It also noted, Later, when the pandemic hit in 2020, significant measures were taken to avoid a global financial crisis. The laureates' insights have played an important role in ensuring these latter crises did not develop into new depressions with devastating consequences for society.[Source - The Indian Express, October 10, 2022]Q. Consider the following statements and mark the correct option.Statement I: Nobel Prizes are awarded in six fields.Statement II: Nobel Prizes were first awarded in 1901.a)Both statements are true.b)Both statements are false.c)Only statement I is true.d)Only statement II is true.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CLAT tests.