In Ancient India shrenis served which of these purposes 1 Provided training to crafts persons 2 Proc...........

Culture of India Crafts

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In Ancient India, shrenis served which of these purposes?

1. Provided training to crafts persons.

2. Procured raw material for merchants.

3. Served as financial institutions for money deposits.

4. Supported religious institutions by donations.

Select the correct answer using the codes below.

1 only

2,3&4 only

1&3 only

All of the above

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Explanation:

Many crafts persons and merchants now formed associations known as shrenis.These shrenis of crafts persons provided training, procured raw material, and distributed the finished product.Then shrenis of merchants organised the trade.Shrenis also served as banks, where rich men and women deposited money.This was invested, and part of the interest was returned or used to support religious institutions such as monasteries.