UPSC 2026: Consider the following statements : I. Pali texts contain the first definite references to coins, e.g., kahapana, nikkha, kamsa, and kakanika. II. The literary evidence from Pali texts is corroborated by archaeological evidence of punch-marked coins from many sites, most of them made of silver. The above statements have been associated with which of the following ? 1. Emergence of urban life 2. Transition to money economy Select the answer using the code given below :

The correct answer is option (c): Both 1 and 2. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.

This question was asked in UPSC CSE Prelims 2026, GS Paper 1, as Question 13. It falls under Ancient History > Trade & Economy.

This question is rated "moderate". It requires sound conceptual understanding of the topic.

UPSC has asked 8 questions from Trade & Economy (under Ancient History) across multiple years. Visit the topic page to see the full list and year-wise trends.