Class 6 Exam > Class 6 Questions > What were punch-marked coins used for?a)Relig...
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What were punch-marked coins used for?
- a)Religious offerings
- b)Trade and transactions
- c)Agriculture
- d)Decoration
Correct answer is option 'B'. Can you explain this answer?
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What were punch-marked coins used for?a)Religious offeringsb)Trade and...
Trade and transactions
Punch-marked coins were used primarily for trade and transactions during ancient times. Here's why:
- Medium of Exchange: Punch-marked coins were one of the earliest forms of coinage used in ancient India. They were standardized pieces of metal with markings punched on them to indicate their value.
- Facilitated Trade: These coins played a crucial role in facilitating trade and commerce by providing a common medium of exchange that could be easily recognized and accepted by different communities.
- Standardized Value: The punch marks on these coins helped establish their value and authenticity, making them widely accepted across different regions for various transactions.
- Barter System: Before the introduction of coins, transactions were often carried out through the barter system. Punch-marked coins revolutionized trade by providing a more efficient and convenient means of exchange.
- Economic Development: The use of punch-marked coins contributed to the growth of economic activities, as it allowed for smoother and more organized trade between different groups and regions.
Overall, punch-marked coins served as a vital tool for conducting trade and transactions, laying the foundation for the development of a more sophisticated monetary system in ancient India.
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What were punch-marked coins used for?a)Religious offeringsb)Trade and...
Punch-marked coins were used as a form of currency and remained in circulation over most parts of the subcontinent for about 500 years.
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What were punch-marked coins used for?a)Religious offeringsb)Trade and transactionsc)Agricultured)DecorationCorrect answer is option 'B'. Can you explain this answer?
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