Question

who provide loans for foreign trade in Ancient India ? (a) Government (b) intermediaries (c) both A and B (d) None of these​

Answer 1

Answer:

government

Explanation:

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Answer 2

a) Government provided loans for foreign trade in Ancient India.

Explanation:

• The government of Ancient India offered loans for overseas trade.
• In the Vedas and Manusmriti, there are allusions to numerous money lending practises.
• Interest on loans is also referred to in Sanskrit scriptures by terms like kusida, vardhusa, vridhi, and vyaja.
• Loans have been made in both cash and kind since the 5th century B.C.
• Money lenders have long held a key position in India's capital and credit markets.
• They are known by a variety of names, including shroffs, seths, sahukars, mahajans, chettis, and others.

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