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Indian Economy - Understanding the basics of Indian economic system

With reference to the religious history of India, consider the following statements

Which of the statements given above are correct?

This questions was previously asked in

UPSC CSP Previous Year Paper (2020)

1 and 2 only

2 and 3 only

3 only

1, 2 and 3

Statement 1 is incorrect: At the second Buddhist council of Vaishali two schools emerged Sthaviravadins while Mahayana came into being in 4th council
Statement 2 is correct: Subdivisions of the Mahasanghikas over the next seven centuries included the Lokottaravadins, the Ekavyavaharikas, and the Kaukkutikas.
The Lokottaravadin was one of the early Buddhist schools according to Mahayana doxological sources compiled by Bhaviveka, Vinitadeva and others
Statement 3 is correct: Mahasanghika paved the way for the emergence of Mahayana sect of Buddhism during 4th Buddhist council. Mahayanist gave prominence to the Boddhisattva ideal.
The Mahasanghikas believed in a plurality of buddhas who are supramundane (lokottara) and held that what passed for Gautama Buddha in his earthly existence was only an apparition.

Hence option 2nd is correct.

By: Abhipedia