Question

13. "Pana" was the standard currency in the
period.
O Mouryan
O Mughal
C Aryan​

Answer 1

Answer:

The first PMC coins in India may have been minted around the 6th century BCE by the Mahajanapadas of the Indo-Gangetic Plain, The coins of this period were punch-marked coins called Puranas, old Karshapanas or Pana.

Answer 2

Answer:

"Pana" was the standard currency in the Mauryan period.

Explanation:

• The primary currency throughout the Mauryan period was the "Pana," a silver coin.
• The introduction of a standardized coin-based economy into India was the most significant component of the Maurya period for stimulating trade.

• The monopoly on silver allowed the Maurya rulers to control the minting and distribution of punch stamped coins in the same manner that the state mining monopoly allowed them to spread iron technology throughout the empire.
• During the Maurya dynasty, all state transactions required the exchange of punch-stamped coins.
• The Maurya Empire's cash economy, based on punch-marked coins, covered all aspects of the empire: the state paid officers salaries in panas, fines, merchants conducted business with cash, taxes, and customs duties were also collected in the form of coins, commodity purchases required state-approved currency, and war expenditure was covered by the money in the treasury.
• The establishment of a cash economy enabled the Mauryan Empire to control merchant activities and precisely collect taxes from their citizens.