Which of the following statements is correct in the context of NATO?
1. It is an intergovernmental organisation.
2. It promotes liberal values like democracy, liberty, human rights and rule of law.
3. It is an economic organisation.
4. It is a security alliance.

1,2,4

NATO is an intergovernmental and security alliance. It promotes liberal values like democracy, liberty, human rights and rule of law. NATO does not promote or support the economic interests of any country.

It is a military alliance.