The ‘Field Medal’ is often described as the "Nobel Prize of Mathematics". How is it different from Nobel Prize?

- While Nobel Prize is given annually, Field Medal is given once in four years.
- While Nobel Prize can be awarded posthumously, Field Medal cannot be awarded posthumously.

Which of the above statements is/are correct?

**Answer: [A] Only 1**

Second statement is incorrect because while Nobel Prize cannot be given posthumously, Field Medal and Abel prize can be given posthumously. The **Fields Medal** is a prize awarded to two, three, or four mathematicians less than 40 years of age at the International Congress of the International Mathematical Union (IMU), a meeting that takes place every four years. The Fields Medal is sometimes viewed as the highest honor a mathematician can receive. The Fields Medal and the Abel Prize have often been described as the "mathematician's Nobel Prize". Also, while the recipient, or laureate of Nobel Prize gets cash sum in ‘Swedish krona’, the recipient of Field Medal gets cash sum in Canadian dollar.

This question is a part of GKToday's Integrated IAS General Studies Module