Noble metal (silver (Ag), gold (Au), platinum (Pt), and palladium (Pd)) nanoparticles have gained increasing attention due to their importance in several research fields such as environmental and medical research. This review focuses on the basic perceptions of the green synthesis of metal nanoparticles and their supported-catalyst-based reduction of 4-nitrophenol (4-NP) to 4-aminophenol (4-AP). The mechanisms for the formation of these nanoparticles and the catalytic reduction of 4-NP are discussed. Furthermore, the parameters that need to be considered in the catalytic efficiency calculations and perspectives for future studies are also discussed.