In Ancient India, shrenis served which of these purposes?
1. Provided training to craftspersons
2. Procured raw material formerchants
3. Served as financial institutions for moneydeposits
4. Supported religious institutions bydonations
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 thetrade.
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.