Question

Guild or Association are formed to protect the local interest of
the traders.Guild or Association are formed to protect the local interest of
the traders. Justify​

Answer 1

There were different kinds of traders in the medieval times, including the banjaras (nomadic people). And traders who travelled a lot came together to form traders' associations or guilds, the most famous ones being Manigramam and Nanadesi. They did this to protect their interests both within the Indian sub-continent and in Southeast Asia and China