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Test: Trade & Commerce In The Pre Gupta & Gupta Period - UPSC MCQ


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25 Questions MCQ Test - Test: Trade & Commerce In The Pre Gupta & Gupta Period

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Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 1

Consider the following pairs related to the Gupta Economy:

1. Agriculture - Main occupation of the people

2. Guild System - Declined during the Gupta period

3. Gold Coins - Indicative of economic stability

4. Crafts and Industries - Minimal role in economy

How many pairs given above are correctly matched?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 1

1. Agriculture - Main occupation of the people: This pair is correctly matched. During the Gupta period, agriculture was indeed the main occupation for the majority of the population, serving as the backbone of the economy.
2. Guild System - Declined during the Gupta period: This pair is incorrectly matched. The guild system actually flourished during the Gupta period. Guilds played a significant role in the economic framework, facilitating trade and crafts, and acting as a regulatory body for various trades.
3. Gold Coins - Indicative of economic stability: This pair is correctly matched. The issuance of gold coins during the Gupta Empire was a symbol of economic prosperity and stability. These coins are often cited as evidence of the wealth and efficient administration of the empire.
4. Crafts and Industries - Minimal role in economy: This pair is incorrectly matched. Crafts and industries had a significant role in the economy, contributing to the wealth and diversity of occupations beyond agriculture. Various crafts and industries thrived, supported by a strong guild system.

Thus, only two pairs are correctly matched: Pairs 1 and 3.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 2

Consider the following pairs:

1. Harsha - Bull & Horseman Type Coins

2. Gangeyadeva - Seated Lakshmi Coins

3. Shahi Rulers - Regular issuance of coins between 650 and 1000 CE

4. Cholas - Issued Byzantine solidi coins

How many pairs given above are correctly matched?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 2

1. Harsha - Bull & Horseman Type Coins: Incorrect. Harsha was known for his own coinage, but the Bull & Horseman type was more commonly associated with the Rajput clans, not Harsha.

2. Gangeyadeva - Seated Lakshmi Coins: Correct. Gangeyadeva, a Kalachuri ruler, is known for issuing the 'Seated Lakshmi Coins'. These coins were later copied in both gold and debased forms.

3. Shahi Rulers - Regular issuance of coins between 650 and 1000 CE: Correct. The Shahi rulers of the Punjab and Afghanistan did regularly issue coins during this period, which serves as an exception to the general perception of coin scarcity in early medieval India.

4. Cholas - Issued Byzantine solidi coins: Incorrect. The Cholas did not issue Byzantine solidi coins. The Byzantine solidi were imported and used particularly in Western India due to trade with the Eastern Roman Empire, not minted by Indian dynasties like the Cholas.

Thus, pairs 2 and 3 are correctly matched.

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Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 3

Consider the following statements regarding post-Gupta coinage in India:

1. Gold coins were commonly issued by the Kalachuri and Rajput dynasties during the post-Gupta period.

2. The Shahi rulers of Punjab and Afghanistan regularly issued coins between 650 and 1000 CE.

3. The use of Byzantine solidi in Western India indicates trade connections with the Eastern Roman Empire.

Which of the statements given above is/are correct?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 3

1. The statement that "Gold coins were commonly issued by the Kalachuri and Rajput dynasties during the post-Gupta period" is incorrect. While the Kalachuri ruler Gangeyadeva did issue 'Seated Lakshmi Coins' which were later copied, gold coins during this period were rare, and the majority of coins were of debased metals. Thus, gold coins were not commonly issued by these dynasties.

2. The statement that "The Shahi rulers of Punjab and Afghanistan regularly issued coins between 650 and 1000 CE" is correct. Historical evidence shows that the Shahi rulers indeed issued a consistent series of coins during this period.

3. The statement that "The use of Byzantine solidi in Western India indicates trade connections with the Eastern Roman Empire" is correct. The presence of Byzantine solidi in Western India reflects the trade relations between India and the Eastern Roman Empire.

Thus, statements 2 and 3 are correct, making Option C: 1 and 3 Only the correct answer. However, upon reviewing the solution, I realize the option provided should be corrected to reflect accurate choices: Option B: 2 and 3 Only. Let's confirm:

- Statement 1 is incorrect.

- Statement 2 is correct.

- Statement 3 is correct.

Therefore, the correct answer should be "Option B: 2 and 3 Only." Apologies for the oversight.

Corrected Answer: Option B: 2 and 3 Only

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 4

During the Gupta Period, which of the following factors contributed to the shortage of gold coins between 650-1000 CE?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 4

The shortage of gold coins during the Gupta Period between 650-1000 CE can be attributed to the decline in Roman gold and silver inflow. This decline started after the third century CE, affecting the trade dynamics between India and Rome. As the Romans' precious metal coins flow to India reduced, there was a significant impact on the availability of gold coins in the Indian subcontinent. This shortage was a result of various economic shifts and trade patterns during that period.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 5

Consider the following statements regarding the Gupta Economy:

1. The Gupta period saw the issuance of gold coins, which symbolized the wealth and stability of the empire.

2. Agriculture was the only occupation during the Gupta period, with no significant role for trade or crafts.

3. The guild system was a prominent feature of the Gupta economy, facilitating trade and craft specialization.

Which of the statements given above is/are correct?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 5

The Gupta economy was a period of significant economic prosperity and stability.

1. Statement 1 is correct. The Gupta period indeed saw the issuance of gold coins, a significant indicator of the empire's wealth and economic stability. The use of gold currency facilitated trade and demonstrated the prosperity of the Gupta Empire.

2. Statement 2 is incorrect. While agriculture was the mainstay of the Gupta economy, it was not the only occupation. The Gupta era was marked by flourishing trade and specialized crafts, indicating that commerce and production of crafts played a significant role alongside agriculture.

3. Statement 3 is correct. The guild system, known as 'shrenis,' was a vital aspect of the Gupta economy. These guilds not only regulated trade and crafts but also contributed to economic organization and innovation, supporting the empire's prosperity.

Thus, the correct statements are 1 and 3. Therefore, the correct answer is Option C.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 6

Consider the following pairs regarding the coins of the Gupta Period and related historical contexts:

1. Samudragupta - Introduced the Lyrist type of coins.

2. Chandragupta II - Issued coins depicting the Asvamedha sacrifice.

3. Kumaragupta - Known for issuing the Lion-slayer type of coins.

4. Roman Coins - Continued to flow into India in large quantities after the 3rd century CE.

How many pairs given above are correctly matched?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 6

1. Samudragupta - Introduced the Lyrist type of coins: Correct. Samudragupta is known for issuing various types of coins, including the Lyrist type, which depicted him playing a lyre, showcasing his artistic talents.

2. Chandragupta II - Issued coins depicting the Asvamedha sacrifice: Incorrect. The Asvamedha type of coins are associated with Samudragupta, who commemorated the horse sacrifice ritual through his coinage. Chandragupta II is more known for his coins depicting the king as an archer.

3. Kumaragupta - Known for issuing the Lion-slayer type of coins: Correct. Kumaragupta issued coins that represented him as a lion-slayer, symbolizing his strength and valor.

4. Roman Coins - Continued to flow into India in large quantities after the 3rd century CE: Incorrect. The flow of Roman coins into India significantly reduced after the 3rd century CE, as indicated by the historical decline in Roman metal trade with India.

Pairs 1, 3, and 4 are correctly matched. Thus, three pairs are correctly matched.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 7

Consider the following pairs regarding the Gupta Period:

1. Asmavedha-type coins - Issued by Chandragupta I

2. Minting of silver coins - Started during Chandragupta II's reign

3. Imported commodities taxed - At the rate of 1/5th of the value

4. Copper coins - Issued extensively during the Gupta period

How many pairs given above are correctly matched?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 7

1. Pair 1 (Asmavedha-type coins - Issued by Chandragupta I): Incorrect. The Asmavedha-type coins, which were associated with the horse sacrifice ritual, were issued by Chandragupta II (not Chandragupta I). Chandragupta I is not known for issuing such coins.
2. Pair 2 (Minting of silver coins - Started during Chandragupta II's reign): Correct. The Gupta period saw significant minting of silver coins, particularly under the rule of Chandragupta II, who was known for issuing silver coins, marking the flourishing of trade and the economy.
3. Pair 3 (Imported commodities taxed - At the rate of 1/5th of the value): Correct. Imported commodities were indeed taxed at a rate of 1/5th of their value, which is mentioned in some historical records of the Gupta period.
4. Pair 4 (Copper coins - Issued extensively during the Gupta period): Correct. Copper coins were widely used and issued during the Gupta period, especially for trade and daily transactions.

Only two pairs (2 and 3) are correctly matched.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 8

Consider the following statements:

Statement-I:
The decline of the Roman Empire had a significant impact on Indo-Roman mercantile relations during the Gupta period.

Statement-II:
The decline of the Roman trade and three important southern ports, Muziris, Arikamedu, and Kaveripattinam, marked a shift in foreign trade dynamics.

Which one of the following is correct in respect of the above statements?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 8

(A) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I

  • Statement-I is correct. The decline of the Roman Empire in the 5th century AD had a significant impact on Indo-Roman mercantile relations. The Roman Empire had been a major trading partner with India, particularly through the exchange of goods such as spices, silk, and precious metals. As the Roman Empire declined, particularly in the West, these trade routes were disrupted, leading to a reduction in Indo-Roman trade during the Gupta period.

  • Statement-II is also correct. The decline of Roman trade did affect the three important southern ports: Muziris, Arikamedu, and Kaveripattinam, which had been major centers for trade between India and the Roman world. The decline of Roman interest in these regions marked a shift in foreign trade dynamics, leading to a reorientation towards Southeast Asia and the emergence of other trading powers.

Statement-II explains Statement-I because the decline of Roman trade led to changes in the foreign trade dynamics, including the decline of the aforementioned ports and the shift of trade focus. Therefore, both statements are correct, and Statement-II explains Statement-I.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 9

During the Gupta period India did not traded with

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 9
  • During the Gupta period, India was known for its extensive trade networks.
  • India traded with Sri Lanka, China, and Southeast Asia, exchanging goods like spices, textiles, and ivory.
  • However, trade with Greece was not prominent during the Gupta period.
  • The Gupta Empire (circa 320-550 CE) came after the decline of the Roman Empire, which had previously facilitated Indo-Greek trade.
  • As a result, direct trade with Greece diminished significantly during this time.
Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 10

Which one of the following was perhaps the most advanced industry of the period?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 10
  • India has been well known for her textile goods since very ancient times.
  • The cotton textile industry, however, made its real beginning in Bombay, in the 1850s.
  • The first cotton textile mill of Bombay was established in 1854 by a Parsi cotton merchant then engaged in overseas and internal trade.
Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 11

Consider the following statements regarding agriculture and economic structures during the Gupta Period:

1. The practice of land grants during the Gupta period led to a significant improvement in the social status of ordinary cultivators.

2. Guilds in the Gupta era were autonomous and had substantial economic and political influence, including maintaining their own militias.

3. The state imposed increased taxes and unpaid labor (vishti) on the producers, contributing to the burdens on the cultivators.

Which of the statements given above is/are correct?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 11

1. Statement 1 is incorrect. The practice of land grants during the Gupta period did not lead to an improvement in the social status of ordinary cultivators. In fact, historians suggest that land grants reduced the peasants' status, contributing to a shallow position in society as land ownership shifted towards grantees, reducing the autonomy and status of the cultivators.

2. Statement 2 is correct. Guilds during the Gupta period had considerable autonomy and wielded substantial economic and political influence. They were able to control trade within their regions and even maintained militias, indicating their power and independence from direct state control.

3. Statement 3 is correct. The state imposed increased taxes on producers and practiced vishti, or unpaid labor, which added to the burdens faced by cultivators. This indicates that the economic responsibilities and pressures on cultivators were indeed significant during this period.

Thus, the correct statements are 2 and 3, making Option C the right choice.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 12

Consider the following pairs regarding trade during the Gupta period:

1. Muziris - Important port for Indo-Roman trade

2. Sresthi - Caravan trader

3. Kaveripattinam - Declined as a port during the Gupta period

4. Fa-hien - Noted the safety of sea routes for merchants

How many pairs given above are correctly matched?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 12

1. Muziris - Important port for Indo-Roman trade: This pair is correctly matched. Muziris was a significant port involved in Indo-Roman trade, especially before the decline of the Roman Empire, which affected trade relations.

2. Sresthi - Caravan trader: This pair is incorrectly matched. In the Gupta period, Sresthi referred to a merchant or a guild head who also acted as a banker or moneylender, not a caravan trader. The term for a caravan trader was Sarthavaha.

3. Kaveripattinam - Declined as a port during the Gupta period: This pair is correctly matched. Kaveripattinam was one of the southern ports that declined during the Gupta period due to various factors, including changes in trade routes.

4. Fa-hien - Noted the safety of sea routes for merchants: This pair is incorrectly matched. Fa-hien, a Chinese Buddhist monk who traveled to India during the Gupta period, noted the perils of the Central Asian route and did not mention the safety of sea routes. In fact, sea routes were considered unsafe during his time.

Thus, two pairs are correctly matched: Muziris and Kaveripattinam.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 13

Consider the following pairs regarding agriculture and guilds during the Gupta period:

1. Barley, wheat, and paddy - Major crops cultivated during the Gupta period

2. Irrigation through canals - Primary source of irrigation used during the Gupta period

3. Vishti - Tax imposed on producers during the Gupta period

4. Guilds - Autonomous and politically influential associations of artisans and merchants

How many pairs given above are correctly matched?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 13

1. Pair 1 (Barley, wheat, and paddy - Major crops cultivated during the Gupta period): Correct. These were indeed some of the major crops cultivated during the Gupta period.
2. Pair 2 (Irrigation through canals - Primary source of irrigation used during the Gupta period): Incorrect. While canals were used for irrigation, the primary source of irrigation during the Gupta period was the use of wells and water tanks. Canals were more prominent in later periods.
3. Pair 3 (Vishti - Tax imposed on producers during the Gupta period): Incorrect. Vishti was a form of forced labor (not a tax) that was imposed on people, primarily for public works, rather than a tax on producers.
4. Pair 4 (Guilds - Autonomous and politically influential associations of artisans and merchants): Correct. Guilds during the Gupta period were indeed autonomous and politically influential, especially in the areas of trade and craft production.

Thus, two pairs (Pair 1 and Pair 4) are correctly matched.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 14

During the post Gupta period, which type of coins were the most common motif on coins struck by the Rajput clans?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 14

During the post Gupta period, the most common motif on coins struck by the Rajput clans was the Bull & Horseman type. This motif was widely used on the coins minted by various Rajput dynasties during this era. The depiction of a bull and a horseman on these coins carried symbolic significance and represented the cultural and artistic inclinations of the Rajput rulers of that time.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 15

Consider the following statements:

Statement-I:

Gold coins were rare during the Post Gupta coinage period, with exceptions like the Seated Lakshmi Coins issued by Gangeyadeva.

Statement-II:

The Bull & Horseman motif was predominantly featured on coins struck by the Rajput clans during the Post Gupta period.

Which one of the following is correct in respect of the above statements?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 15

Statement-I correctly highlights that gold coins were indeed rare during the Post Gupta coinage period, with exceptions like the Seated Lakshmi Coins issued by Gangeyadeva. Statement-II accurately mentions that the Bull & Horseman motif was commonly found on coins minted by the Rajput clans during that time. However, these statements are independent of each other and do not explain or relate to one another. Hence, the correct answer is option (b).

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 16

Consider the following statements:

1. During the Gupta period, the decline of the Roman Empire led to the end of Indo-Roman mercantile relations.

2. Internal trade in the Gupta economy was facilitated by caravan traders known as Sarthavaha.

3. The decline in trade during the Gupta period led to an increased issuance of dynastic coins.

Which of the statements given above is/are correct?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 16

1. Statement 1 is correct. The decline of the Roman Empire indeed led to the end of Indo-Roman mercantile relations. This was a significant shift in trade dynamics during the Gupta period, as India had to seek other trading partners, notably in Southeast Asia.

2. Statement 2 is correct. The Sarthavaha were indeed caravan traders and played an important role in facilitating internal trade within the Gupta economy. They were crucial in connecting various trade centers by transporting goods across the region.

3. Statement 3 is incorrect. The decline in trade during the Gupta period did not lead to an increased issuance of dynastic coins. In fact, the opposite occurred; there was a decline in the issuance of coins. The reduction in trade and urban decline led to a lesser need for coinage, and alternative forms of exchange, such as barter or the use of cowries, became more prevalent.

Hence, the correct answer is Option B: 1 and 2 Only.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 17

Which of the following Indian spices was in great demand in the Roman world?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 17

The correct answer is B: Pepper.

  • Pepper was one of the most highly valued spices in the Roman world.
  • Romans imported vast quantities from India, making it a luxury item.
  • It was used in cooking, medicine, and even as currency.
  • The spice trade between India and Rome was crucial for the economy of both regions.
  • Roman texts and archaeological findings highlight the extensive trade networks established for acquiring pepper.
Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 18

Consider the following statements:

1. The coins of the Gupta period often depicted the king on the obverse and an Indian deity on the reverse, with legends inscribed in Brahmi script.

2. The number and purity of gold coins issued during the Gupta period saw a significant increase after 500 CE due to the flourishing trade with the Byzantine Empire.

3. One of the reasons for the decline in gold coin issuance after 650 CE was the reduced dependence on Indian silk by the Byzantine Empire.

Which of the statements given above is/are correct?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 18

- Statement 1 is correct. The coins of the Gupta period indeed followed the tradition of depicting the king on the obverse and an Indian deity on the reverse, with legends in Brahmi script. This was a continuation of the coinage practices initiated by the Kushans.

- Statement 2 is incorrect. Contrary to the statement, the number and purity of gold coins actually declined after 500 CE. The initial period of the Gupta Empire (300-500 CE) saw a high issuance of gold coins, but this decreased significantly afterwards due to several economic and trade changes.

- Statement 3 is correct. One of the reasons for the decline in gold coin issuance after 650 CE was indeed the reduction in Byzantine dependence on Indian silk. The Byzantines had learned silk production, which decreased their reliance on Indian silk, thereby reducing trade and gold inflow into India.

Thus, the correct answer is Option C: 1 and 3 Only.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 19

During the Gupta period, what were the principal articles of long-distance trade?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 19

In the Gupta period, the principal articles of long-distance trade were luxury goods. Luxury items formed a significant part of long-distance trade during this era, contrasting with everyday commodities primarily sold in local markets. The trade of luxury goods played a crucial role in fostering economic relations with distant lands and contributing to the prosperity of the Gupta economy.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 20

St. Thomas came to North Western India to propagate Christianity during the reign of which ruler?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 20
  • St. Thomas, one of the twelve apostles of Jesus Christ, is traditionally believed to have traveled to India to spread Christianity.
  • He is said to have reached the northwestern region of India during the reign of King Gondophernes.
  • Gondophernes was a ruler of the Indo-Parthian Kingdom, which existed in the 1st century AD.
  • This connection is supported by the apocryphal Acts of Thomas, which narrates the apostle's journey to India and his missionary work there.
Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 21

Consider the following two statements:

Statement-I:
The decline of Roman gold and silver began after the third century CE due to a reduced trade flow with India.
Statement-II:
The Gupta economy saw a decline in the silk trade around 650 CE which hampered the inflow of gold from Central Asia to India.
Which one of the following is correct in respect of the above statements?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 21

Both Statement-I and Statement-II are correct. Statement-II explains the impact of the decline in the silk trade on the inflow of gold from Central Asia to India, which is in line with the information provided in the context. The reduced trade flow with India affected the availability of Roman gold and silver, contributing to the shortage of coins during the Gupta Period. Hence, Option A is the correct answer.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 22

Consider the following statements:

Statement-I:
The Gupta Empire was primarily agrarian, with agriculture being the mainstay, while trade, crafts, and industries also played a significant role in its prosperity.
Statement-II:
During the Gupta period, the Gupta economy was characterized by flourishing trade, a well-functioning guild system, flourishing manufacturing industries, and a high standard of living.
Which one of the following is correct in respect of the above statements?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 22

The correct answer is option (a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I

  • Statement-I is correct. The Gupta Empire was indeed primarily agrarian, with agriculture as the mainstay of the economy. However, trade, crafts, and industries were also significant contributors to its prosperity. The economy thrived due to the development of these sectors.

  • Statement-II is also correct. The Gupta economy was characterized by flourishing trade, an efficient guild system, advanced manufacturing industries (such as textiles and metalwork), and a high standard of living. This prosperity in various sectors directly contributed to the overall wealth of the empire.

Thus, Statement-II elaborates on the role of trade, guilds, and industries in supporting the prosperity mentioned in Statement-I.

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 23

Consider the following statements:

1. The Gupta government imposed a tax on imported commodities at the rate of 1/5th of their value as a toll.

2. The minting of silver coins in the Gupta period began during the reign of Samudragupta.

3. The comparative scarcity of Gupta copper coins suggests a reliance on a barter system for smaller transactions.

Which of the statements given above is/are correct?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 23

1.Statement 1 is correct. The Gupta government did establish regulations on trade, including a tax on imported commodities at the rate of 1/5th of their value as a toll. This highlights the government's role in controlling and benefiting from trade during their period.
2. Statement 2 is incorrect. The minting of silver coins during the Gupta period began with Chandragupta II, not Samudragupta. This is a critical distinction because it shows the evolution of currency practices over different reigns within the Gupta dynasty.
3. Statement 3 is correct. The scarcity of copper coins from the Gupta period suggests that smaller transactions were likely conducted through the barter system or with cowries, indicating a limited money economy for everyday exchanges. This scarcity points to self-sufficient production units which did not rely heavily on coinage for local transactions.

Therefore, the correct answer is Option C: 1 and 3 Only

Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 24

What was the name of the man who discovered about 45 A.D. “the existence of the monsoon winds, blowing regularly across the Indian Ocean”?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 24
  • Hippalus is credited with discovering the monsoon winds around 45 A.D.
  • Monsoon winds are seasonal wind patterns that blow across the Indian Ocean and were crucial for navigation and trade in ancient times.
  • Understanding these winds allowed sailors to travel more efficiently between the Arabian Peninsula, India, and Southeast Asia.
  • This discovery significantly enhanced maritime trade routes, fostering cultural and economic exchanges across regions.
Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 25

Consider the following statements:

Statement-I:
The condition of ordinary cultivators during the Gupta Empire can be considered rather difficult due to various reasons such as land grants, inequalities in society, increased state taxes, and the practice of unpaid labor.

Statement-II:
During the Gupta Era, the activities of Guilds increased considerably, acquiring significant autonomous power, both politically and economically, influencing trade and even maintaining militias.

Which one of the following is correct in respect of the above statements?

Detailed Solution for Test: Trade & Commerce In The Pre Gupta & Gupta Period - Question 25
  • Statement-I discusses the challenging conditions faced by ordinary cultivators during the Gupta Empire, citing reasons like land grants, social inequalities, increased taxes, and unpaid labor practices. These factors indeed contributed to the hardships faced by the peasant population.
  • Statement-II highlights the significant rise in the activities and power of Guilds during the Gupta Era, showcasing their autonomy, political and economic influence, and even the maintenance of militias. The guilds played crucial roles in trade and society during this period.

Statement-II explains how the empowerment of guilds could have further exacerbated the challenges faced by ordinary cultivators as described in Statement-I, making option (a) the correct choice.

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