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Q: The form of power structure in which power effectively rests with a faction of persons or families is called
  • A. Tyranny
  • B. Fascism
  • C. Oligarchy
  • D. Plutocracy
Correct Answer: Option C - 'Oligarchy' is a government by few. In this form of power structure a small group exercises power which controls and run a particular country or organization.
C. 'Oligarchy' is a government by few. In this form of power structure a small group exercises power which controls and run a particular country or organization.

Explanations:

'Oligarchy' is a government by few. In this form of power structure a small group exercises power which controls and run a particular country or organization.