Consider the following statements regarding ldquo Guild System rdquo in Post Mauryan Period 1 They w...........

Ancient and Medival History Mauryan and Post Maurayan

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Consider the following statements regarding “Guild System” in Post- Mauryan Period.

1.They were result of decrease in trade and to restructure overall trade.

2.The Guilds sometimes acted as trustees and bankers

3.In several cities they seem to have issued coins, which were ordinarily done by the sovereign powers.

Which of the above statements are correct?

3 Only

2 and 3 Only

2 Only

1, 2 and 3

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Explanation:

2 and 3 Only

The first statement is incorrect. The guild system in the post-Mauryan period was not a result of a decrease in trade. Instead, it was a continuation and adaptation of the existing system to manage and regulate trade and craft production in urban centers.

The second statement is correct. Guilds in the post-Mauryan period often acted as trustees and bankers, holding funds on behalf of their members and facilitating financial transactions.

The third statement is correct. In several cities, guilds indeed issued coins, which were a departure from the norm of coinage being issued by sovereign powers. This practice highlights the economic influence and autonomy that some guilds enjoyed during this period.

Therefore, the correct option is 2 as statements 2 and 3 are correct.

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