GyanGramWith reference to the guilds (Shreni) of ancient India that played a very important role in the country’s eco…
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With reference to the guilds (Shreni) of ancient India that played a very important role in the country’s economy, which of the following statements is /are correct?
1. Every guild was registered with the central authority of the State and the king was the chief administrative authority on them.
2. The wages, rules of work, standards and prices were fixed by the guild.
3. The guild had judicial powers over its own members.
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• Correct Answer: C
• Guilds were autonomous bodies, not centrally administered by the king.
• Fixed wages, work rules, standards, and prices internally.
• Possessed judicial powers to settle disputes among members.
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