UPSC History The vedic period - Early vedic period, Later vedic period and sangam period Question Bank Vedic Period/Mahajanapadas/Nandas etc

  • question_answer The standard unit of value, used as medium of exchange during the Vedic period, was :

    A)  Cow            

    B)  Necklet of gold (niska)

    C)  Both [a] and [b]

    D)  Pana

    Correct Answer: C

    Solution :

    The Vedic period shows that the Vedic people used cows as a medium of exchange. Nistea and hiranyapinda, perhaps, were two types I of 'metallic medium of exchange prevalent in Vedic India. Rigvedic niskas and hiranyapindas, in this period, stood as a link between the money and currency stages of the development of the economy,


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