Question

What were local bankers in ancient India called?

a )Mahajan b) Intermediaries c)Jagatseths d) Munshi​

Answer 1

Correct answer is -Intermediaries

this is the correct answer

Answer 2

The local bankers in ancient India were called Intermediaries. (Option b)

• In ancient India, intermediaries were the people who used to bridge the gap between the traders and their activities.
• Intermediaries played the role of bankers, brokers, commercial agents as well as distributors of wholesale and retail goods.
• They used to provide loans to the traders and got interest in return.