Consider the following statements regarding economic activities during the Gupta age 1 In comparison...........

Ancient and Medival History Gupta and Post Gupta

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Consider the following statements regarding economic activities during the Gupta age.

1. In comparison of gold content Gupta coins were not as pure as kushana coins.

2. Long distance trade declined as compared to earlier period.

3. The Chinese art of growing silk adversely affected the export trade of India.

How many of the above statements are correct?

Only One

Only Two

All Three

None

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Explanation:

All Three Statements are correct.

During the Gupta period agriculture formed a significant part of the empire's economy. However, the trade and commerce activities of the Gupta Empire grew steadily. The merchant and other traders were organized into guilds. These guilds were given concessions in the taxes that were liable to be paid to the government.