Select the option that can be used as a one-word substitute for the given group of words.

Government governed by wealth

Question

Question

This question was previously asked in

SSC CGL 2023 Tier-I Official Paper (Held On: 19 Jul 2023 Shift 3)

Answer 1

The correct answer is 'Option 4' i.e. 'Plutocracy'.

Key Points

The given phrase 'Government governed by wealth' refers to a type of government where the rich and wealthy individuals hold the power.(धनशासित सरकार)
- Example: Historical Venice is often cited as an example of a plutocracy, with its wealth-based system of government.
Plutocracy is a form of oligarchy and defines a society ruled or controlled by the small minority of the wealthiest citizens.(समृद्ध वर्ग द्वारा शासित समाज)
- Example: Some critics argue that the United States has become a plutocracy because of the power held by Wall Street and other wealthy interest groups.

Therefore, the correct answer is 'Option 4' i.e. 'Plutocracy'.

Additional Information

Option 1 'Theocracy': Theocracy is a form of government in which a deity of some type is recognized as the supreme ruling authority, giving divine guidance to human intermediaries that manage the day-to-day affairs of the government.(ईश्वरीय शासन)
Option 2 'Autocracy': Autocracy is a system of government in which supreme power is concentrated in the hands of one person, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control. (स्वयंशासन).
Option 3 'Democracy': Democracy is a form of government in which the people have the authority to choose their governing legislators.(लोकतंत्र).