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Which one of the following statements about the guilds is not correct?
  • a)
    They were associations founded by trading merchants to safeguard their trade.
  • b)
    They bought goods at the place of manufacture and distributed them through an elaborate network.
  • c)
    Their political power in the affairs of the State was commensurate with their economic strength.
  • d)
    They had access to any region of the subcontinent on centres overseas.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which one of the following statements about the guilds is not correct?...
Guilds in Ancient India

Introduction:
Guilds played a significant role in the economic and social fabric of ancient India. These associations were formed by trading merchants to protect their trade interests and engage in various economic activities. While most of the given statements accurately describe the characteristics of guilds, statement (c) is not correct. Let's explore the reasons why.

Explanation:

1. Statement (a): They were associations founded by trading merchants to safeguard their trade.
- This statement is correct. Guilds were established by merchants to protect their trade interests and ensure the security of their goods and assets. They provided a platform for merchants to unite and collectively address common challenges they faced in the business world.

2. Statement (b): They bought goods at the place of manufacture and distributed them through an elaborate network.
- This statement is also correct. Guilds played a crucial role in the distribution of goods. They purchased goods directly from the place of manufacture and then distributed them through their extensive networks. This allowed for efficient trade and ensured the availability of goods throughout the region.

3. Statement (c): Their political power in the affairs of the State was commensurate with their economic strength.
- This statement is not correct. Guilds primarily focused on economic activities and did not hold significant political power in the affairs of the state. While they had economic influence due to their trade networks and wealth, their political power was limited. Political authority in ancient India was primarily held by kings, feudal lords, and other ruling elites.

4. Statement (d): They had access to any region of the subcontinent on centers overseas.
- This statement is correct. Guilds had widespread networks that allowed them to access various regions of the subcontinent as well as overseas centers. They established trade links with distant regions, including Southeast Asia and the Middle East, facilitating the exchange of goods and ideas.

Conclusion:
In conclusion, while guilds in ancient India were indeed associations founded by trading merchants to safeguard their trade interests and had access to various regions, their political power in the affairs of the state was limited. The correct statement is (c).
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Which one of the following statements about the guilds is not correct?a)They were associations founded by trading merchants to safeguard their trade.b)They bought goods at the place of manufacture and distributed them through an elaborate network.c)Their political power in the affairs of the Statewas commensurate with their economic strength.d)They had access to any region of the subcontinent on centres overseas.Correct answer is option 'C'. Can you explain this answer?
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