Target Exam

CUET

Subject

Sociology

Chapter

Social Change and Development in India: Globalisation and Social Change

Question:

Which of the following is not a dimension of Global economy?

Options:

Liberalization

Transnational corporation

Globalisation of finance

Barter economy

Correct Answer:

Barter economy

Explanation:

The correct answer is option 4: Barter economy

The global economy is characterized by features such as:

  • Liberalization – Removal of trade barriers to encourage free flow of goods and services.

  • Transnational corporations (TNCs) – Companies that operate across multiple countries.

  • Globalisation of finance – Free movement of capital and integration of financial markets worldwide.

In contrast, the barter economy is a pre-modern system of exchange where goods are traded without money. It is not a feature or dimension of the modern global economy, which is based on monetary transactions and market systems.