2024 · Q65
Which of the following statements are not correct?
- 1In world politics, 'hard power' can be exercised by both States and other actors involving use of threat or coercion.
- 2Globalisation is necessarily economic, not cultural.
- 3The term 'Washington Consensus' refers to a policy that seeks intervention in the market.
- 4'Autarky' is generally understood as economic 'self-sufficiency'.
Select the correct answer using the code given below.
General KnowledgeCurrent Affairs
- A1 and 4 only
- B2 and 3 only
- C2, 3 and 4 only
- D1, 2, 3 and 4
Explanation
Statements 2 and 3 are the ones that are not correct. Statement 2 is wrong because globalisation has cultural (and political) dimensions, not merely economic ones. Statement 3 is wrong because the Washington Consensus refers to a set of free-market, minimal-intervention policies (liberalisation, privatisation, fiscal discipline), not to market intervention. Statements 1 (hard power can be exercised by states and non-state actors through threat or coercion) and 4 (autarky means economic self-sufficiency) are correct. The answer is (B).