Which of the following contributed in the development of trade and commerce in ancient India?
a) Evolution of money.
b) Development of a traditional system of weights and measures.
c) Development of indigenous banking system.
d) All of these.
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Answer:
C is the correct answer
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Answer:
During ancient times Hindus were the masters of the seaborne trade of Europe, Asia and Africa. Till about the beginning of the 18th century almost every nation on earth obtained to a large extent its supplies of fine cotton and silk fabric, spices, indigo, sugar, drugs, precious stones and many curious works of art from India in exchange of gold and silver. This traditional prosperity of India began to vanish only at the dawn of the Industrial Revolution in the west.
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