Several Buddhist era texts make mention of ldquo Shrenis rdquo or Guilds Consider the followin...........

Ancient and Medival History Religion and Philosopjhy

Several Buddhist era texts make mention of “Shrenis” or Guilds. Consider the following statements about them and identify the incorrect one.

Shrenis worked as trade unions and regulated various aspects of crafts and profession.

Shrenis served as banks where people could deposit their money

They supported religious as well as political institutions.

They provided for training of young apprentices.

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Explanation:

Shreni, in the context of History of India. Ancient India ,was an association of traders, merchants, and artisans. Generally, a separate shreni existed for a particular group of persons engaged in the same vocation or activity. Shrenis have sometimes been compared with the guilds.