Concept:
The Man Booker International Prize is an internationally recognized literary award presented to writers for their contribution to world literature. It became one of the most prestigious awards in the literary world.
Questions related to important literary awards are commonly asked in general knowledge and competitive examinations.
Step 1: Understanding the Man Booker International Prize.
The Man Booker International Prize was introduced to honor authors whose works gained worldwide literary recognition.
The award aimed to:
• Encourage international literature,
• Recognize outstanding fiction writers,
• Promote translated literary works,
• Increase global literary exchange.
Step 2: Identifying the establishment year.
The Man Booker International Prize was established in the year:
\[
2005
\]
Initially, the award was presented every two years and later became an annual award for translated fiction.
Step 3: Analyzing the options carefully.
• 2006 is incorrect because the award had already been established earlier.
• 2005 is the correct establishment year.
• 2004 is incorrect.
• 2007 is also incorrect.
Hence, the correct answer is:
\[
\boxed{2005}
\]