Gupta and Post Gupta

Ancient and Medival History

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Indian Economy - Understanding the basics of Indian economic system

Consider the following statements regarding the Pala empire:

1. It was founded by Gopala.

2. Nalanda and Vikramshila Universities were established by Pala rulers.

3. The trade during the Pala empire was exclusively within the Indian subcontinent.

Which of the statements given above is/are correct?

1 only

2 only

2 and 3 only

1, 2 and 3

Statement 1 is correct: The Pala empire dominated eastern India till the middle of the ninth century. It was founded by Gopala, probably in 750 A.D when he was elected King by the notable men of the area to end the anarchy prevailing there. He was succeeded by Dharmapala.
Statement 2 is not correct: Pala rulers were great patrons of Buddhist learning and religion. The Nalanda University which had been famous all over the eastern world was revived by Dharmapala and 200 villages were set apart for meeting its expenses. He also founded Vikramsila University which became second only to Nalanda in fame. It was located on the top of a hill, on the banks of the Ganga in Magadha amidst pleasant surroundings. The Nalanda University was founded by Gupta emperor Kumargupta I.
Statement 3 is not correct: The Palas had close trade contacts and cultural links with South-East Asia. The trade with South-East Asia was very profitable and added greatly to the prosperity of the Palaempire.