'Jnanpith Award', one of India's highest literary award, was conceived in the year:

1961

The correct answer is Option (2) - 1961

The Jnanpith Award is one of the most prestigious literary awards in India, conferred annually to authors for their outstanding contribution to Indian literature. It was established in the year 1961 by the Bharatiya Jnanpith, a trust founded by Sahu Shanti Prasad Jain and his wife Rama Jain.

The award aims to recognize and honor literary excellence across the diverse languages and literary traditions of India. It is given to authors who have made significant contributions to Indian literature, encompassing poetry, fiction, drama, essays, and other literary forms. The word "Jnanpith" is derived from the Sanskrit words "Jnana" (knowledge) and "Pitha" (seat or pedestal), signifying a seat of knowledge or literary excellence. The award symbolizes the highest literary achievement and is often referred to as the Indian equivalent of the Nobel Prize in literature.

Since its inception in 1961, the Jnanpith Award has been bestowed upon some of India's most renowned and respected writers, representing various languages and literary traditions. Recipients of the award are selected by a panel of literary experts and scholars, ensuring the recognition of literary merit and cultural significance. Over the years, the Jnanpith Award has played a pivotal role in promoting Indian literature and fostering literary talent across the country. It serves as a platform to celebrate the rich and diverse literary heritage of India and to honor the literary luminaries who have enriched the nation's cultural landscape through their creative works.

In summary, the Jnanpith Award, conceived in 1961, stands as a testament to the literary excellence and cultural richness of India, honoring the contributions of its most distinguished writers and poets.