Malala Yousafzai and Kailash Satyarthi were jointly presented with which prestigious international prize for their work on children rights and education?

Introduction / Context:
The question tests knowledge of important international prizes related to peace, human rights, and social justice. Malala Yousafzai from Pakistan and Kailash Satyarthi from India are globally known for their campaigns in favour of education and against child labour. Exams frequently ask which specific award recognised their joint contribution. Knowing such facts helps with general awareness for competitive exams and also builds a wider understanding of global recognition given to work for children rights and education.

Given Data / Assumptions:

- Two individuals are mentioned: Malala Yousafzai and Kailash Satyarthi.
- They were jointly presented with a single prestigious award.
- The award is related to peace, justice, or service to humanity.
- We must choose the correct award from the given options.

Concept / Approach:
To answer this question, we must connect famous personalities with the major awards they received. Malala Yousafzai is known as a young education activist who survived an attack and later became a global symbol for girls education. Kailash Satyarthi is a long time Indian activist against child labour. Both were jointly honoured by the Nobel Committee. The approach is to recall which award is conferred in Oslo and given for efforts to promote peace, resolve conflicts, and support human rights, especially rights of children and young people.

Step-by-Step Solution:
Step 1: Recall that Malala Yousafzai and Kailash Satyarthi were honoured together in the year 2014 by an international committee based in Norway. Step 2: The award they received was specifically for their struggle against the suppression of young people and for the right of all children to education, which directly matches the mandate of the Nobel Peace Prize. Step 3: Check the options and identify which one is an international peace related prize given in Oslo. Among the options, Nobel Peace Prize is that award. Step 4: Confirm that other listed awards such as the Magsaysay Award or Gandhi Peace Prize are important, but they are not the joint award announced for Malala and Satyarthi in 2014.

Verification / Alternative check:
We can verify by remembering that Malala became the youngest ever Nobel laureate when she received the Nobel Peace Prize at the age of seventeen. Kailash Satyarthi shared the same prize in the same year for his long struggle against child labour and exploitation. News reports and standard general knowledge books clearly state that they jointly received the Nobel Peace Prize, not any other award listed here. This cross check confirms that the Nobel Peace Prize is the only correct choice.

Why Other Options Are Wrong:
Magsaysay Award is a prestigious Asian award, sometimes called the Asian Nobel, but Malala and Satyarthi were not jointly presented with it in the context described in the question.
Gandhi Peace Prize is an Indian peace award instituted by the Government of India, and it is separate from the Nobel honours given in Oslo.
Jawaharlal Nehru Award for International Understanding is an Indian award that recognises efforts to promote international understanding, but it is not the joint award mentioned with Malala and Satyarthi here.
UNICEF Global Children Award is not the official title of the prize which made Malala and Satyarthi world famous in 2014, so it does not match the exact fact tested in this question.

Common Pitfalls:
A common mistake is to confuse the Magsaysay Award or Gandhi Peace Prize with the Nobel Peace Prize because all of them are associated with peace or social service. Another error is to mix up different years and think that Malala or Satyarthi received some national level award together, which is not true. Some candidates also guess based only on the word peace in the names of awards, without recalling that the Nobel Peace Prize is a global honour administered from Norway. Careful reading of current affairs and noting the exact title of each award can prevent such confusion in the exam hall.

Final Answer:
The joint honour received by Malala Yousafzai and Kailash Satyarthi was the Nobel Peace Prize.