MAT Exam 2025 Paper

Concept:This is a one-word substitution question where a phrase must be matched with the correct term from the options provided.Explanation:The phrase "government by the wealthy" means rule exercised by people who possess great wealth or riches.The word "Plutocracy" is derived from the Greek roots "ploutos" meaning wealth and "kratos" meaning rule or power.Therefore, plutocracy literally means government by the wealthy class.Let us examine the remaining options.Aristocracy means government by the nobility or hereditary upper class, not by the rich.Oligarchy means government by a small group of persons, which need not be based on wealth.Autocracy means government by a single person holding absolute power.Since no other option conveys the sense of wealth-based rule, "Plutocracy" is the correct substitute.Answer:Option A — Plutocracy