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UPSC 2012: With reference to the guilds (Shreni) of ancient India that played a very important role in the country's economy, which of the following statements is/are correct? 1. Every guild was registered with the central authority of the State and the king was the chief administrative authority on them. 2. The wages, rules of work, standards and prices were fixed by the guild. 3. The guild had judicial powers over its own members. Select the correct answer using the codes given below :
(a)1 and 2 only
(b)3 only
(c)2 and 3 only
(d)1, 2 and 3
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Not attemptedCorrect Answer: (c) 2 and 3 only
Ancient guilds were autonomous professional bodies: they fixed wages, work rules, quality standards and prices (statement 2) and could try and punish their own members (statement 3). They were not formally registered with a central state authority; the king exercised only indirect control, so statement 1 is wrong. Thus only 2 and 3 are correct. ([studyadda.com](https://www.studyadda.com/solved-papers/solved-paper-general-studies-2012_q56/772/355587?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2012 Ancient History question?▼
The correct answer is option (c): 2 and 3 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Trade & Economy question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2012, GS Paper 1, as Question 82. It falls under Ancient History > Trade & Economy.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Trade & Economy?▼
UPSC has asked 7 questions from Trade & Economy (under Ancient History) across multiple years. Visit the topic page to see the full list and year-wise trends.